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Therapy For Your Money
Welcome to Therapy for your Money, a podcast about all things money and finance for private practice owners! If you are ready to feel confident and in-control of your financial life, then you are in the right spot. Therapy for our Money is hosted by Julie Herres, the CEO and Founder of GreenOak Accounting. She and her firm specialize in working with private practice owners across the United States, and have assisted hundreds of private practices with increasing their financial stability and profitability. She is on a mission to share her best practices she's learned along the way through her successful career as an accountant, discusses financial topics with a wide variety of guests, and help her listeners make data driven decisions to help their businesses.
Therapy For Your Money
Episode 53: Getting Your Books Ready for the End of the Year
2022 is right around the corner and we want to make sure you are fully prepared to close out your books and start the year out fresh! Julie's gathered her top tips to make closing out your 2021 books a breeze.
Episode Highlights:
- Step 1: Make sure that all of your transactions are captured and your books have been reconciled
- Step 2: If you have a payroll provider, take some time to sit down and do an annual payroll review
- Step 3: Prepare to send out 1099's to any service vendor you have paid more than $600 to through the entire year by January 31st
- Step 4: Ensure that your employees have received copies of their W2 forms by January 31st
Links & Resources
GreenOak Accounting
Therapy For Your Money Podcast