A new year is almost here, and that means it’s time for fresh starts—not just for your personal goals, but for your business too. Think of 2026 as a chance to hit “reset” on your accounting and bookkeeping practices, making your financial life easier, clearer, and more profitable.
Here are 7 accounting resolutions every business owner should consider:
1. Go Paperless
If you’re still drowning in receipts and invoices, resolve to go digital. Cloud accounting software can:
- Store documents securely
- Make them easy to search
- Save time at tax season
Less paper = less stress.
2. Automate Invoicing & Payments
Chasing unpaid invoices wastes time and energy. Automating billing and payment reminders can:
- Improve cash flow
- Reduce late payments
- Give you more time to focus on growing your business
3. Reconcile Accounts Monthly
Don’t let reconciliation pile up until year-end. Monthly reviews help you catch errors, identify trends, and stay on top of your finances.
4. Review Your Expenses
Regularly track and categorize expenses to maximize deductions and identify areas to cut costs. Make 2026 the year you stop leaving money on the table.
5. Plan for Taxes Early
Create a proactive tax plan now, rather than scrambling in April. Consider:
- Estimated tax payments
- Retirement contributions
- Year-end purchases
A little planning can save a lot of money. Want more information on how Ledger Right can assist with your tax planning? Tax Planning and Preparation
6. Set Financial Goals & KPIs
Define clear business goals and measure progress with key performance indicators (KPIs). Examples:
- Monthly revenue targets
- Gross margin percentages
- Accounts receivable turnover
Tracking metrics keeps you accountable and informed.
7. Schedule Regular Check-Ins With Your Accountant
Don’t wait for tax season. Meeting with your accountant quarterly—or even biannually—keeps you proactive. Your accountant can spot opportunities, prevent mistakes, and provide advice tailored to your business.
Final Thought: Make 2026 Your Best Financial Year Yet
New Year’s resolutions aren’t just about personal habits—they’re about setting your business up for success. By committing to better accounting practices, you’ll gain clarity, confidence, and control over your finances in 2026.
Next Step: Schedule a year-end review with Ledger Right. Let’s set your business up for a smooth close to 2025 and a strong start to 2026. Contact Us
