Closing the Books at Year End

Ledger for year-end audit - Coast Women in Business

by Jeremiah (Jerry) Murphy

November 2019 Presentation at Coast Women in Business

I hope that this hour will prove interesting and help you to streamline your year-end closing process, thereby saving you time and providing you with important information to help you run a profitable business.

Here is what we will be covering this morning:

  • New California requirements for employee versus independent contractors
  • Monthly/year-end closing checklist
  • Using your annual financial statements to improve your business

I have prepared a few handouts for you to give you some information about each of the main topics as shown above and I will be talking about each of the topics during our hour.

If there is any additional information that you would like about these or other topics you find you need assistance with please contact me at your convenience and we can go over what you need.

Thank you for allowing me to share these thoughts with you and take my best wishes with you for a strong and successful new year!

About the Presenter

Jeremiah (Jerry) Murphy recently opened Polaris Consulting, providing business consulting and evaluations, accounting, and tax services nationwide. He started his accounting firm on the Mendocino Coast in 1976. Jerry focused on helping small and mid-sized businesses with issues such as income taxes for individuals, partnerships, and corporations; audits of nonprofit organizations, business compilations, and reviews; and QuickBooks set-up, use, and problem-solving.

Jerry also wrote the “Buy-Sell Agreements” eBook for Commerce Clearing House’s Solutions for Business Advisors website. He earned a Bachelor of Science degree in accounting from the University of Maryland, and is a Certified Public Accountant in California. You can reach him at

About Coast Women in Business

Coast Women in Business supports the business community on the Mendocino coast. We meet monthly to foster entrepreneurship and professional development on the Mendocino Coast and beyond. Membership fees are $50 annually or $10 per drop-in meeting.

Note: We welcome all – all races, all genders, all countries of origin, all sexual orientations.

Your first meeting is always free, and we offer a limited number of need-based memberships—please inquire. We’re sponsored by the Women’s Business Center at the West Business Development Center. We look forward to seeing you at our next meeting!

Please contact us with any questions. We look forward to hearing from you!

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