End of The Year Checklist
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ACCOUNTING
YOY Gross Revenue Report
Run a full year report and analyze each month
and overall growth.
Profit & Loss Statement
Complete a P & L for the entire year and
review numbers.
Accounts Receivable
Reconcile all accounts receivable, resubmit and
follow up on all outstanding invoices.
Office Budget
Update your budget for 2018 with actuals and
build a new budget month by month for the 2019
calendar year.
OFFICE
HUMAN RESOURCES
Compensation
Conduct a full inventory count of all your stock
including frames, lenses, contact lenses,
sunglasses, nutraceuticals, drops, etc. Cross
reference against sales to determine any
shrinkage. End of the year is a perfect time to review
salaries and decide on 2019 increases. Compen-
sation can be tricky so look to resources like
Payscale.com to ensure you are paying in line
with current market standards. To keep good
people, you need to be paying competitively
and even a little bit more.
Returns Bonuses
Clean up any returns that still need to be
submitted and follow up on any returns that
have not been credited. Yearend bonuses and incentives in eye care
offices are common so review all the numbers to
determine if the team will receive their bonus.
Cleaning Christmas Gift
Inventory
Spring cleaning is not just for spring. End of the
year is a great time to get the team involved in a
full office cleaning spree.
Maintenance
There are always a few things around the office
that need fixing. Might be some painting, rug
cleaning, furniture replacement or small repairs
that are required. Build a list of all the fix it tasks
and start finding vendors who can help you get
it done.
December means Christmas and that means
parties and gifts. In doing some research it
seems that the most popular gift from the
employee’s perspective is cash. Cash is king!
Team & Individual Goals
A team without goals has nothing to shoot for.
Take this opportunity to plan out a full year of
strategy around office objectives you want to
reach and then build in team and individual goals.
Don’t forget to build in how you will track and
reward for the goals.