3 Tips for Entrepreneurs to Jump Start Year End Accounting
As year-end approaches, the company starts to engage in closing the books of accounts process. At the same time clocks starts ticking for a listed company with respect to year end accounting documents along with other list of documents for reporting to different forums. In case if it is a limited company profitability also affects its market pricing. Here I am going to discuss three tips in brief which can help any entrepreneur in closing the books of accounts in an easy and faster manner. Read More:- 3 tips in brief which can help any entrepreneur in closing the books of accounts How to Check year end balances are mentioned correctly or not:- If any discrepancy is found, check the relevant records to identify issues. Post the necessary adjusting entries. Once audit completed, close the books so changes with respect to number can’t be done. Verify the accounting rules once year-end is over. Now onwards, whenever your organization ...