December 11, 2025

December Bookkeeping Tips to Close Out Your Financial Year Strong

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The final month of the year is the most important one for bookkeeping. Whether you’re running a retail shop, a contracting business, or a service firm in Woodland Hills, now is the time to clean up your books.

1. Reconcile All Bank & Credit Card Accounts

Make sure every transaction is categorized properly.

2. Review Accounts Receivable

Send reminders to late-paying clients before year-end.

3. Double Check Expense Categories

Accurate categories help maximize deductions and reduce audit risk.

4. Update Mileage Logs

Mileage is one of the most commonly missed deductions.

5. Store Receipts Properly

Digital storage is fine—just make sure everything is accessible.

Doing this now means less stress during tax season and more accurate financial reports for January.

Need a year-end bookkeeping cleanup? We help small businesses throughout Woodland Hills, Encino, Tarzana, and Los Angeles start the new year organized.

Shonty

Shonty Spatola, CPA, CFP®, is the founder and owner of Spatola & Company CPA, a small business accounting firm in Woodland Hills, California. For more than 17 years he has helped business owners across the San Fernando Valley and greater Los Angeles, including Encino, Calabasas, and Sherman Oaks, with proactive bookkeeping, tax planning, tax preparation, payroll, and outsourced CFO services. His firm has served over 2,000 small businesses and prepared more than 8,000 financial statements. Holding both CPA and CFP® designations, Shonty pairs day-to-day accounting with bigger-picture financial strategy so clients keep more of what they earn and plan ahead with confidence.