Year End Accounting
Year-end close, adjusting entries, and financial statements delivered on schedule, with every step visible to you through ABS Audit Sync.
Why year-end work gets delayed
End of the year accounting is where small gaps turn into big problems. A missing bank statement, an unreconciled credit card, a query nobody answered in October. By the time the close starts, you’re chasing documents while the tax deadline gets closer.
Traditional year end accounting outsourcing doesn’t help much. The work goes out, and you lose track of it. You don’t know which accounts are finished, which are waiting on information, or whether anyone has reviewed the adjustments.
We handle year-end differently. Every open item is logged, every query has an owner, and every review checkpoint is on record, so you can see exactly where the close stands on any given day.
Our year end accounting services include
- Full year-end close and account reconciliations
- Accruals, prepayments, depreciation, and other adjusting entries
- Balance sheet, income statement, and cash flow statement
- Fixed asset register review and updates
- 1099 vendor review and preparation support
- Tax-ready trial balance and workpapers for your preparer
How ABS Audit Sync
keeps the close on track
Year end accounting shouldn’t rely on status emails. Here’s what you see instead.
Task ownership
Every account and schedule has a named owner, so you know who is working on what.
Query tracking
Missing documents and open questions are logged and tracked to resolution, not lost in your inbox.
Review checkpoints
Manager review notes on each adjustment are recorded, so nothing reaches you unchecked.
Live screen visibility while ABS is handling the assignment, whenever you want to look in.
Recorded work
Timestamped video of completed tasks lets you verify the approach and the time spent.
Clear audit trail
Every step stays on record after completion, ready for your own review or your client’s.
Year end accounting outsourcing for CPA firms
Tax season and year-end close land on the same calendar. For many practices, that’s when capacity runs out. Year end accounting outsourcing with ABS Consulting gives your team experienced support for the close, so your staff can focus on review, planning, and client conversations.
You keep control the whole way through. Our team works inside your systems and your checklists, and you review every file in the Client Review stage before anything is finalized.
Year end accounting for growing businesses
If you run a business and handle your own books during the year, we can step in at year-end to clean up, reconcile, and produce accurate financial statements your tax preparer can work from right away.
Because every step is visible, you’ll also understand what was adjusted and why, which makes next year’s close much easier.
FAQS
Year end accounting FAQs
What is year end accounting?
Year end accounting is the process of closing a company’s books for the financial year. It includes reconciling accounts, posting adjusting entries, and preparing financial statements that are ready for tax preparation and review.
When should end of the year accounting start?
Ideally, a few weeks before your fiscal year ends. Starting early gives time to collect documents and resolve open queries before tax deadlines approach.
Can you work in our existing accounting software?
Yes. We work in QuickBooks Online, QuickBooks Desktop, Xero, and other common platforms, using the access you grant us.
How do I know the work was reviewed?
Every assignment passes through Manager Review in ABS Audit Sync. Reviewer notes and corrections are recorded and visible to you at Client Review.
outsourced work
Close the year with nothing hidden
See how our year end accounting services work inside ABS Audit Sync with a live demonstration.