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Year End Closing Checklist

ChatGPT beginner Tax Planning

The Prompt

Create a comprehensive year end closing checklist for [Company Name] for fiscal year ending [date].

Company details:
- Business type: [LLC/Corporation/other]
- Industry: [industry]
- Accounting software: [software]
- Tax basis: [cash/accrual]

Year end checklist:

ACCOUNTS RECONCILIATION
- Bank and credit card reconciliations
- Accounts receivable aging review
- Accounts payable review
- Inventory count and valuation
- Fixed asset additions and disposals

ACCRUALS AND ADJUSTMENTS
- Accrue unpaid expenses
- Prepaid expense adjustments
- Depreciation entries
- Payroll accruals

TAX PREPARATION
- Gather all 1099 information
- Review deductible expenses
- Confirm payroll tax filings
- Organise receipts and documentation

FINANCIAL STATEMENTS
- Generate trial balance
- Prepare financial statements
- Management review and approval

Include deadline and responsible person for each item
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How to Use This Prompt

  1. Click Copy Prompt above
  2. Open ChatGPT or Claude
  3. Paste the prompt and replace anything in [brackets] with your own details
  4. Press Enter and get your result instantly

Pro Tip

The more specific you are when replacing the [brackets], the better your result. For example instead of writing [Job Title] write "Senior Software Engineer with 5 years experience" — specificity is what separates a good AI response from a great one.

This prompt works best with ChatGPT . If you are not happy with the first result, try adding "make it more concise" or "give me 3 alternative versions" as a follow-up message.