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Year-end guide: What to do in December

Before the end of the calendar year, there are a few key tasks you should complete.

Create and send customer statements

The end of the year is a good time to remind your customers of any outstanding balances that they owe to you, or to send them a statement of their activity throughout the year.

For more information about creating and sending statements, see Create and manage statements

Make distributions

It's not mandatory, but you can choose to distribute profits (also known as Retained Earnings) to the owners or partners at the end of the year.

For information about distributing profits, see Distribute retained earnings

Prepare for taxes

Many small business owners use an accountant, especially at tax time.

If you haven't already done so, now is a good time to give your accountant access to your QuickBooks Online company so they can review your financial reports and other data, and even make any necessary changes before the end of the year.

For information about adding or inviting your accountant to your QuickBooks Online company, see Add or invite an accountant to your company

Review other monthly tasks

For an overview of year-end tasks, or for information about month-specific tasks, see the following:

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