What’s the Smartest Financial Move Your Business Can Make Before the Ball Drops?

As the year wraps up, most small business owners focus on closing out sales and taking a well-deserved break. But before the ball drops, there’s one last opportunity to make a financial move that could set your business up for a more profitable 2026.

Here’s how to make the most of your final quarter.

Step 1: Review Cash Flow and Forecast Spending

The hospitality industry experiences seasonal ups and downs, so reviewing your cash flow now can help you plan for slower months ahead. Ask yourself:

• Are you carrying unnecessary expenses into the new year?

• Do you have enough reserve funds for payroll and vendor payments in January?

Our Accounting Strategy Sessions include detailed cash flow analysis and forecasting—giving you the insights you need to make informed year-end decisions.

Step 2: Catch Up on Invoicing

Unpaid invoices from November and December can create major cash flow challenges. Send reminders now and record all incoming payments accurately. If invoicing has slipped through the cracks, our Catch-Up and Clean-Up Services can help you reconcile outstanding payments and ensure your revenue is properly accounted for.

Step 3: Evaluate Year-End Tax Deductions

Now is the time to make smart, strategic purchases that may qualify for deductions. Think about necessary equipment upgrades, software subscriptions, or employee training. For Colorado-based businesses, check with the Colorado Secretary of State Business Resources for state-specific incentives that might apply to your industry.

Step 4: Review Payroll and Employee Benefits

Make sure all bonuses, commissions, and holiday pay are recorded correctly. Our Payroll Services take the stress out of this process by ensuring everything—from tax withholdings to year-end summaries—is accurate and compliant.

Question: Can I give bonuses without complicating payroll taxes? 

Answer: Yes, but it’s important to record them properly. A bookkeeper can ensure the bonuses are classified correctly for tax purposes and reflected accurately in your year-end financials.

Step 5: Start the New Year with a Clean Slate

One of the best financial moves you can make right now is to book a Monthly Bookkeeping Service plan. Regular, professional bookkeeping means no more last-minute stress and no more scrambling before tax deadlines.

Bonus Tip: Schedule Your Financial Check-In Early

If you want your 2026 to start with clarity and control, don’t wait until January to get organized.

 Schedule a free consultation with Barmann Bookkeeping before the holidays, and we’ll help you identify cost savings, improve cash flow, and build a plan for lasting success.