---
title: "CFO Minute: How's Your Year End Planning Going?"
description: Our new CFO Minute blog highlights considerations to digest in minutes—from navigating audits to designing checklists that really work.
image: https://resources.allinoneaccounting.com/hubfs/AIOAs%20CFO%20Minute%20Blog.png
---

 Dec 22 , 2022

# CFO Minute: How's Your Year End Planning Going?

![AIOAs CFO Minute Blog](https://resources.allinoneaccounting.com/hs-fs/hubfs/AIOAs%20CFO%20Minute%20Blog.png?width=1640&name=AIOAs%20CFO%20Minute%20Blog.png)

The fourth quarter is upon us. Is your organization positioned for a strong finish? As time allows, you can be starting your prep for taxes, and finalizing planning for 2023. Here’s a checklist for you to consider:

- **Check in on your financial books.** Are they in order? Are there any gaps? Are they balanced? Are there any ongoing problems that need solving? Running quarterly and year-end financial reports will aid your analysis and provide key metrics to make decisions.
- **Review your revenue goals.** How close are you to reaching plan? What can be done to lift shortfalls or maximize growth areas?
- **Review your financial safeguards.** Here are [7 simple internal controls](https://resources.allinoneaccounting.com/7-simple-internal-controls-for-your-small-business) that will help you examine your current operations and ultimately protect your business.
- **Perform an end of year benefit review.** Pay special attention to health insurance and PTO usage. Refine processes. Meet enrollment deadlines.
- **Evaluate progress on quarterly and yearly goals.** Depending on progress, which goals can be reprioritized, or moved into the new year? What is needed to accomplish them by the end of December? It’s a good time to refocus or reenergize the team to make that happen. Collect W-9s from any vendors you’ve paid or will pay more than $600 in 2022.**          
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- **Review your current tax position and strategies.** Send a copy of your year-end projection to your tax CPA and request a tax planning meeting. Engage your tax preparer to understand changes in tax code. Pull documents together, fill in gaps, be prepared.
- **Celebrate the wins.** Plan ways to demonstrate both customer and employee appreciation.

- **Review the quarter budget and cash flow projection to plan for the coming year**. ** Set goals for 2023.** Get the team together and map out strategies and priorities. If you’ve never prepared a budget before or are in need of help preparing for year end, seek professional help. We are here to help whenever you need us. Feel free to contacts us at [info@allinoneaccounting.com](mailto:info@allinoneaccounting.com) or [via our website](https://allinoneaccounting.com/contact/) today to get the conversation started. ** **

Accountability is key year-round, but especially as we near the end of Q4. Developing an end-of-year checklist can not only keep you and your organization on track, it can also help all team members better serve your customers. [Here's a link to some of our other year end tips](https://resources.allinoneaccounting.com/end-of-year-prep-checklist). Here's to a strong finish!

 

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