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
