The financial year has come to an end – is it really April already? The time has come to ensure that you have done all your year-end activities.
Finalising the accounts
Motivated, you start with the closing of the financial year, but then several questions arise to which you don’t know the answer. That’s not surprising, because you only carry out this task once a year. Even if you feel that you have everything clear, your accountant will almost certainly come up with a variety of questions. Even the most organised practices find this time of year one of the most stressful and time-demanding. To avoid this stress and frustration, start completing your bookkeeping on time!
For example, there are a few things that you may already be able to check:
- Have all invoices been paid?
- Does the balance in Animana match that in your bank accounts?
- Are all incoming invoices (correctly) booked?
- Is the balance correct?
Have you done a stocktake?
First things first, do a stocktake. Inventory counting is a tedious and time-consuming job, but it plays a vital role in closing your financial year. Your accountant wants to determine the value of your clinic and also needs this information. Read more about the stock count here.
If you would like to get started with your bookkeeping right away, please read more on our extensive Animana help hub:
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