Year-End QBO Cleanup
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.
Alicia’s current classes:
Sponsors
- (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
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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Creators and Guests
Host
Alicia Katz Pollock, MAT
Alicia Katz Pollock, MAT is the CEO at Royalwise Solutions, Inc.. As a Top 50 Women in Accounting, Top 10 ProAdvisor, and member of the Intuit Trainer/Writer Network, Alicia is a popular speaker at QuickBooks Connect and Scaling New Heights. She has a Master of Arts in Teaching, with several QuickBooks books on Amazon. Her Royalwise OWLS (On-Demand Web-based Learning Solutions) at learn.royalwise.com is a NASBA CPE-approved QBO and Apple training portal for accounting firms, bookkeepers, and business owners.