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Transaction categorization, bank reconciliation, AR/AP tracking, and monthly financial statements — delivered on a consistent cycle for businesses under $1M revenue.
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Year-End Closing
Close the year with
nothing left hanging.
When the fiscal year ends, your books should reflect it completely — every adjustment made, every entry documented, and your financial statements ready for whatever comes next. Quartile handles that closing process from start to finish.
What This Delivers
Books that are actually closed — not just approximately done
Year-end closing is more than running a report. It's the process of making sure everything that happened during the year is correctly recorded — adjusting entries posted, accruals calculated, depreciation updated, and the final numbers reconciled before anyone hands them to a tax preparer.
When this is done properly, you walk into the new year with a clean set of books, a documented closing memo, and financial statements that mean what they say.
Complete, final statements
Financial statements prepared after all adjustments — not interim figures, but the actual year-end numbers ready for tax preparation.
Documented closing memo
A written summary of every adjustment made — what changed, why, and how. Something to refer back to, and something your accountant can work from directly.
Ready for your tax preparer
Hand your CPA a set of clean, closed books instead of a partially reconciled file. That tends to make the whole tax process go more smoothly — and often costs less.
A Familiar Situation
Year-end tends to surface what accumulated during the year
Entries that weren't posted
Accrued expenses, deferred revenue, depreciation — these are the kinds of things that can slip through a busy year. Year-end is when they need to be found and posted correctly.
Accounts that don't quite tie
Small discrepancies that were left for later. A balance that doesn't reconcile to a statement. An account that was coded differently across the year. These need to be resolved before closing.
A file handed to the CPA as-is
When a tax preparer receives books that aren't closed, they either do the closing work themselves (and charge for it), or they work around incomplete records — neither of which is ideal.
None of this reflects badly on how a business is run — it's the natural accumulation of a busy year. The closing engagement exists to address exactly this, systematically and without judgment.
The Work
Every step of the year-end process, handled in sequence
The closing process follows a specific sequence. Each element builds on the previous one — which is why doing it in order, with care, produces a set of books you can actually stand behind.
Adjusting Journal Entries
A review of what needs to be posted before the books can be closed — including any entries that should have been recorded during the year but weren't. Each entry documented with a reason.
Accrual Calculations
Expenses incurred but not yet paid, revenue earned but not yet billed — identified and recorded so the financial statements reflect the actual economic activity of the year.
Depreciation Updates
Fixed assets reviewed and depreciation entries posted for the year. Asset schedules updated to reflect the current book value of each item on the balance sheet.
Final Financial Statements
Income statement, balance sheet, and cash flow prepared after all closing entries — the final numbers for the fiscal year, formatted and ready for review or tax preparation.
Closing Checklist & Summary Memo
Every adjustment documented in a written memo — what was reviewed, what was changed, and why. A checklist confirms all standard closing steps were completed. Both are delivered alongside the final statements so there's a complete record of the process.
The Process
What working through this closing looks like
This is a focused, time-limited engagement — not an ongoing arrangement. It has a clear start, a clear set of work, and a clear end point: closed books and a complete deliverable package.
1
Initial review
We look at the state of your books and identify what needs to be addressed before the closing work begins. No surprises later in the process.
2
Closing entries
Adjusting entries, accruals, and depreciation are calculated and posted. Each one documented as it goes.
3
Statement preparation
Final income statement, balance sheet, and cash flow prepared after all adjustments. These are the numbers the year actually ended on.
4
Closing package
Final statements plus closing memo and checklist delivered together. Everything your tax preparer needs, in one organized set of documents.
Investment
A one-time, clearly scoped engagement
This is priced as a flat fee for the complete closing engagement. One figure, one defined scope, no per-entry billing or open-ended charges.
Year-End Engagement
Year-End Closing & Adjustments
One-time engagement for fiscal year-end closing
$850
one-time
What's Included
-
Review and posting of adjusting journal entries
-
Accrual calculations for expenses and revenue
-
Depreciation updates and fixed asset schedule review
-
Final income statement, balance sheet, and cash flow statement
-
Closing checklist documenting all steps completed
-
Summary memo documenting all adjustments made and the rationale for each
Why It Matters
The practical difference a proper year-end closing makes
The quality of your year-end close affects more than one thing — it flows through into your tax return, your financial planning, and your opening position for the following year.
Cleaner tax preparation
A properly closed set of books gives your tax preparer exactly what they need to work from. Less time spent on cleanup at the CPA's end tends to translate into fewer billable hours — and fewer questions about what a particular entry represents.
Accurate opening balances
Your next fiscal year starts where the last one ended. If the closing entries for this year aren't complete, those gaps carry forward — the new year begins with an inaccurate picture before a single new transaction is posted.
Statements that hold up
Whether you're sharing year-end numbers with a lender, a partner, or just reviewing your own performance, statements that reflect a complete, properly closed year are ones you can present with confidence.
Our Commitment
A defined engagement with clear expectations on both sides
Initial consultation included
Before the work begins, we review the current state of your books and clarify exactly what the engagement will cover. No assumptions about what you're working with.
Everything documented
Every adjustment is written up in the closing memo. You receive the work and the record of the work — not just a set of numbers with no explanation of how they arrived.
Flat-fee pricing
The $850 fee covers the complete engagement as described. If something unusual comes up that changes the scope materially, we discuss it before proceeding — not after the fact on an invoice.
Getting Started
What happens after you reach out
This engagement can typically begin within a few days of the initial conversation. The main thing needed from your side is access to your accounting system and any supporting records for the year.
1
Send a message
Use the contact form. Let us know the fiscal year you're closing and a brief description of your accounting setup.
2
Review call
A short call to look at the current state of your books and confirm the engagement scope. Usually 30 minutes is enough.
3
Closing work begins
With access confirmed and scope agreed, the adjusting entries, accruals, and depreciation work proceeds systematically.
4
Deliverables sent
Final statements, closing memo, and checklist delivered. Your books are closed, documented, and ready for your tax preparer.
Year-End Closing — $850 one-time
Ready to close out the year properly?
Reach out and we'll take a look at where your books stand. A short conversation to understand what the closing engagement would involve — straightforward, no pressure.
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