Podcast Episode Overview
Alicia walks through her systematic approach to year-end cleanup, explaining why many business owners’ books contain errors that go unnoticed until tax time. She covers the most common trouble spots—from duplicate revenue in undeposited funds to improperly categorized transactions—and demonstrates how to use QuickBooks’ built-in tools like the Reclassify feature and Report Options to fix problems at their source rather than just making adjusting journal entries. The episode emphasizes why proper cleanup matters: automations and banking feeds learn from past behavior, so correcting the underlying transactions prevents the same mistakes from recurring year after year.
Creators & Guests
- Host – Alicia Katz Pollock, MAT
Podcast Highlights
(00:00) – Welcome to The Unofficial QuickBooks Accountants Podcast
(00:25) – Year-End Cleanup for Tax Time
(02:30) – Importance of Accurate Bookkeeping
(04:32) – QuickBooks Tools for Cleanup
(14:49) – Reconciling Accounts Properly
(18:19) – Categorizing Transactions Correctly
(20:51) – Adjusting Inventory and Equity
(24:42) – Analyzing Reports for Anomalies
(26:03) – Conclusion and Class Promotion
Links
Alicia’s current classes:
1099s in QBO: http://royl.ws/QBO1099?affiliate=5393907, recording with CPE
QBO Year-end Cleanup for Taxes: http://royl.ws/yearend?affiliate=5393907, recording with CPE
Projects & Job Costing in QBO: http://royl.ws/ProjectCenter?affiliate=5393907, recording with CPE
Sales Tax in QBO: http://royl.ws/SalesTax?affiliate=5393907, recording with CPE
Payroll Perfection Bundles (4 QBO Payroll classes – 1099s, Running Payroll, Compliance, and QB Time), Live Feb 3-10: http://royl.ws/payroll-perfection?affiliate=5393907
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This podcast is independently operated and is not affiliated with or endorsed by Intuit Inc. or QuickBooks®. Any references to Intuit and QuickBooks products are made solely for the purpose of discussing the topics related to the company and its software.
