As March 31st rears its ugly head (gee, it was only Christmas a minute ago!), most small businesses need to start looking at their year-end accounting. Here is a handy checklist to help you get started with sorting those accounts...
Ensure that you have itemised accounts and receipts, especially for things such as Entertainment (both Customer and Staff)
End of year Stocktake?
Debtors accounts up to date or any provisional Bad Debts (we hate that word but unfortunately it’s a fact of life that not everyone is as honest as ourselves)
If you have staff, all your payroll accounting is up to date (for accruing holiday pay entitlements)
Your vehicle Log Book is up to date (if you are running one)
Records of any Assets sold or purchased during the year
If you're fretting about your year-end accounting and need some help, that's what we specialise in! We work with small businesses throughout Tauranga and the Bay of Plenty, taking care of all their accounting and bookkeeping. Contact us today!