Why September is the Perfect Time to Review Your Bookkeeping

As summer winds down and fall begins, September offers the perfect opportunity for business owners to step back and review their financials. With the fourth quarter right around the corner, this is your chance to make adjustments, prepare for year-end, and set yourself up for a smoother tax season.

1. Get Organized Before Year-End

By September, three-quarters of the year’s financial activity is already on the books. Taking time now to review your income and expenses can help you identify discrepancies early. This is especially important if you’ve been managing your own books or juggling spreadsheets. A professional QuickBooks Online Set-Up can give you the organization and clarity you need moving forward.

2. Evaluate Payroll Processes

If you’re paying employees, this is also the time to ensure your payroll records are accurate. Seasonal hires from summer and upcoming holiday staff can make things complicated. Reviewing your Payroll Services in September ensures compliance with state and federal requirements, while also reducing the risk of year-end surprises.

3. Prepare for Estimated Taxes

The third-quarter estimated tax payment deadline is September 15. Whether you’re in Colorado or operating across state lines, planning ahead can save you stress and penalties. Check out the IRS Estimated Tax Payment Portal to make sure you’re up to date.

4. Plan for Year-End Purchases

September is a great time to forecast cash flow and decide whether to make equipment purchases or investments before year-end. Doing so strategically can provide tax benefits while supporting growth.

Think of September as your financial reset button. By reviewing your books, streamlining payroll, and planning ahead, you’ll head into the final quarter with confidence.

👉 Need help getting organized before the end of the year? Contact me today for QuickBooks Online Set-Up or Payroll Services and start fall with financial peace of mind.