xBoox

Complete Year End Review

Review bookkeeping issues and record readiness before handing the books to an Accountant.

What Year End Review is

Year End Review is a guided review workbench. It may show applicable checks for:

  • Uncategorized or unposted transactions;
  • Bank Reconciliation;
  • GST/HST;
  • Home Office;
  • Vehicle;
  • Rental Property;
  • Shareholder Loan;
  • Payroll;
  • Loans;
  • Depreciation or CCA.

Items that do not apply to the Workspace are hidden. The path is navigation, not a forced wizard; review items in any order.

Review an item

  1. Open Accounting > Year End Review.
  2. Confirm the displayed ended calendar or fiscal period.
  3. Select an item in the review path.
  4. Review its findings, counts, supporting transactions, and next steps.
  5. Follow the linked operational action when one is available.
  6. Use Mark reviewed when the item requires manual judgment and you have completed that review.

Mark reviewed acknowledges the item without changing underlying transactions.

Mark Ready for Accountant

Use Mark Ready for Accountant when you consider the selected period ready for handoff. This creates a durable readiness status.

It does not:

  • lock the period;
  • prevent later transaction changes;
  • create closing entries;
  • file GST/HST, payroll, or income tax;
  • guarantee that all tax treatment is correct.

Current V1 also does not automatically invalidate a prior Mark reviewed acknowledgement when underlying data changes. Review the period again after meaningful bookkeeping changes.

Period behavior

  • Sole Proprietor uses ended calendar-year periods.
  • Corporation uses ended fiscal-year periods.
  • Balances and controlled actions use the selected period end date, not today's date.
  • The current frontend selects the nearest ended period and does not yet expose older-period selection.

Vehicle limitation

Vehicle is not fully developed. Do not rely on current Vehicle behavior as the final year-end workflow. Its future model will align with Home Office.