---
aliases: ["Archive 2024 financial records"]
Is A: Task
Belongs to: "[[25q1]]"
Status: Done
Owner: "[[person-luca-rossi]]"
---
# Archive 2024 financial records

Annual financial housekeeping task to close out the 2024 books and prepare records for tax filing. This involves reconciling all revenue streams (newsletter sponsorships, podcast sponsorships, one-off consulting), verifying expense records, and organizing everything into the format required by the accountant. The task also includes a financial review to assess the business's profitability and inform 2025 budgeting.

This is a compliance-critical task -- the Italian tax filing deadline drives the timeline, and incomplete records would create significant headaches with the accountant.

## Acceptance criteria

- [x] Reconcile all 2024 revenue against bank statements and invoices
- [x] Categorize and verify all business expenses (tools, contractors, travel, equipment)
- [x] Prepare the year-end P&L summary
- [x] Package records in the accountant's required format and deliver by February 15
- [x] Archive all 2024 financial documents in the standard folder structure

## Notes

- Total 2024 revenue came in at approximately €148k, with expenses around €42k (primarily contractor compensation for [[person-sara-ricci]] and [[person-paco-furiani]], plus tools and travel). Net profit margin of roughly 72%.
- The accountant flagged that some tool subscriptions were being paid from a personal card rather than the business account. This was corrected for 2025 to simplify future reconciliation.
- Financial records are archived and linked to [[24q4]]. The P&L summary feeds into the [[2025-reach-22k-mrr]] goal planning.
