Year-End Bookkeeping Checklist NJ (2025) | For Small Businesses

Prepare Your Books with This Year-End Bookkeeping NJ Checklist

As 2025 approaches, NJ small business owners should begin closing out the year’s books early. A clean year-end bookkeeping NJ process ensures your tax filing goes smoothly — and that you catch issues before the new year begins.

Step 1: Reconcile All Accounts

Confirm that your bank, credit card, and loan accounts match your bookkeeping records.

✅ Run reconciliation reports

✅ Investigate discrepancies immediately

Step 2: Review Income & Expenses

Categorize income and expenses accurately for better tax reporting.

Tip: Match your expense categories to your tax preparation forms (Schedule C or business return).

Step 3: Verify Accounts Receivable & Payable

• Follow up on unpaid client invoices

• Pay outstanding vendor bills before year-end

• Accurate A/R and A/P ensure your balance sheet is ready for your CPA.

Step 4: Record Adjusting & Closing Entries

Work with your CPA to finalize:

• Depreciation adjustments

• Owner draws

• Payroll tax liabilities

Step 5: Back Up and Archive

Back up your QuickBooks or Xero data and save PDFs of key reports — Balance Sheet, P&L, and Cash Flow.

CPA Tip:

Completing your year-end bookkeeping NJ tasks by December 15 gives your CPA enough time for accurate tax prep and strategic planning.

Translate Data into Decisions

Want professional help wrapping up the year? Book a Free Consultation → with Gregory Monaco, CPA LLC in Livingston, NJ — we’ll review your year-end books and get you ready for a stress-free tax season.