Spring Cleaning – Accounting & Finance Version!
I’m not sure about you, but I am SO ready to start thinking about warmer weather—and with that comes spring cleaning! If you’re the type of person who loves a good reset (and let’s be real, who doesn’t love a color-coded calendar, restocked desk supplies, and a freshly organized desktop?), I’ve got a financial spring cleaning checklist for you:
1. Review your recurring payments
Open up your QuickBooks or bank account and scroll through your subscriptions. Cancel anything you aren’t using anymore. Keep an eye out for the usual suspects—aka “free” trials that quietly turned into paid subscriptions.
2. Categorize EVERYTHING in your uncategorized transactions
If you’ve got auto-rules set up in your bookkeeping software, double-check that the assigned categories are accurate before approving the transactions.
3. Refresh your synced accounts
Some banks require you to re-sync your accounts every few months, so it’s never a bad idea to make sure all of your bank accounts and credit cards are actively synced.
Here’s the main reason I want your business finances to be totally organized: April 15th is coming, and with it comes a double-whammy due date—your 2025 tax bill and your Q1 2026 estimated tax payment.
OOF! I know, it’s no fun, but I’m trying to lessen the sting by helping you start planning now. Tax Day can be extra painful for business owners who don’t account for estimated taxes.
Oh, and one last reminder! For S corporations and partnerships, March 16th is the filing deadline. If you won’t be able to file by then, don’t forget to file for an extension.
