Print the Trial Balance report for the day after the year that you just
closed. This allows you to make sure that all income and expense accounts have
a zero balance and are closed out to Retained Earnings. Check that the balance
of your bank account in the Year-to-Date column agrees with your Trial Balance
Report. More ...
Verify that the Profit & Loss report includes the correct dates and is
set to the appropriate accounting method (cash or accrual). More ...
Reconcile and verify all your Balance Sheet items. Be sure that this
year's beginning Retained Earnings matches last year's ending
Retained Earnings. More ...