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Wealth Management
AICPA Year-End CPA Checklist
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AICPA Year-End CPA Checklist

Explore the AICPA Year-End CPA Checklist, a comprehensive workflow guide for accountants to maintain, evaluate, and finalize company's yearly financial activities.
1
Review and update the chart of accounts
2
Prepare and review financial reports
3
Perform year-end adjustments
4
Approval: Adjustments
5
Reconcile all ledger accounts
6
Review and finalize inventory
7
Approval: Inventory Finalization
8
Calculate and record depreciation and amortization adjustments
9
Evaluate and write off uncollectible accounts receivable
10
Evaluate tax liabilities
11
Approval: Tax Liabilities Evaluation
12
Prepare year-end adjusting journal entries
13
Reconcile bank statements
14
Prepare and review financial statement reports
15
Approval: Financial Statement Reports
16
Update company's fixed assets register
17
Approve and close financial year in accounting system
18
Prepare for an external audit
19
Archive financial records for the year
20
Approval: Archiving Financial Records