01/16/2026
Year-End (10/12)
🏛️ Government Remittances
As year-end approaches, it’s important to ensure all government remittances are reconciled and up to date, including payroll source deductions (CPP, EI, income tax), GST/HST, Workers’ Compensation, and tax installments. Reviewing these balances now helps prevent penalties, interest, or unexpected follow-ups, and keeps your books clean heading into year-end reporting.
🧱 Capital Assets
Review purchases made throughout the year—such as computers, office furniture, machinery, or equipment—to confirm they’re properly recorded as assets. Accurate tracking supports correct depreciation and ensures your financial statements reflect the true value of your business. If you’re uncertain whether an item should be expensed or capitalized, flag it now. Addressing questions early makes the year-end process more efficient and less stressful.
🌲Save this post to get your books year-end ready—next steps coming soon.