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III. Managing Your Business > 15. End-of-Year Tasks

Chapter 15.  End-of-Year Tasks

As if your typical work day isn’t hectic enough, the end of the year brings an assortment of additional bookkeeping and accounting tasks. As long as you’ve kept on top of your bookkeeping during the year, you can delegate most of the year-end tasks to QuickBooks with a few mouse clicks. (If you shrugged off your data entry during the year, even the mighty QuickBooks can’t help.) This chapter describes how you employ QuickBooks for the most common tasks that companies perform at the end of the year.

Viewing the Trial Balance

The Trial Balance report is a holdover from the delightful days of paper-based accounting. The name refers to the report’s original purpose: totaling the balances of every account in debit and credit columns to see if they all matched. If they didn’t, the bookkeeper had to track down the mistakes and try again.


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