Year-End Accounting Checklist: 5 Things Every Business Owner Should Do Before the Break
Before you switch off for the holidays, your finances need to be wrapped up neatly — not left hanging until January. 📌 These five year-end accounting actions will help you close 2025 cleanly and start 2026 with clarity, compliance, and confidence.
1️⃣ Finalise Your Bank Reconciliations
Make sure every transaction for the year matches your bank statements. This helps you spot errors, missing entries, or duplicated fees before they become a problem.
2️⃣ Update Debtors & Creditors
A clean ledger = better cash flow heading into 2026.
• Send final statements to clients + Follow up on overdue invoices + Clear outstanding supplier payments
3️⃣ Check Asset Registers & Depreciation
This ensures your financial statements and tax calculations are correct. Make sure all assets purchased in 2025 are:
• recorded
• categorised correctly
• depreciated accurately
4️⃣ Review Payroll & Employee Records
This step ties directly into compliance and reduces SARS risks for 2026. December is the perfect time to:
• update staff details + verify earnings & deductions
• ensure PAYE, UIF, SDL are accurate + correct any payroll inconsistencies
5️⃣ Prepare for Provisional Tax & VAT Submissions
With multiple SARS deadlines at the end of December, your numbers need to be ready before the 31st. Don’t leave your submissions until after the holidays — or worse, halfway through them.
TGC’s accounting team helps South African businesses close off their financial year accurately and stress-free — so you can go into 2026 organised, compliant, and ready for new opportunities.
👉 Need help finalising your year-end accounting? Let TGC take care of it.
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