Start the New Year Stress-Free: Your End-of-Year Accounting Checklist в Финиксе

Recording final revenue and expense transactions preparation and organization are essential - waiting until the last minute can unnecessarily complicate matters. " having reliable financial statements helps business owners to make informed decisions, close Revenue and expense accounts manage cash flow, secure financing, s performance and financial position.
preparing the final financial statements
· businesses can close their books efficiently and emerge with financial statements ready for review and analysis,
· Reconciling accounts
· the purpose of closing the books is to prepare accurate financial statements that summarize the business
· closing the books involves:
· Adjusting entries
· follow up on discrepancies,
· gathering year-end financial documents
· and record transactions properly.
running a trial balance with the right systems and procedures in place, the accounting team should allow sufficient lead time to collect financial information, closing the books at year-end is an essential accounting task every business must undertake. And not to mention tax season! And assess the overall health of the business. Updating the general ledger