It’s that time of year again – when most of the leaves have fallen from the trees, a distinct chill is in the air, and you’re approaching your corporate year-end. If you are dreading the accounting and bookkeeping that year-end entails, or are not sure where to start, you are not alone.
Five Tips to Prepare for Your Accounting Year-End
We’ve compiled a list of five tips to help make the process easier for you.
- Record All Transactions
- Do a Bank Reconciliation
- Review Your Financial Statements
- Check Your Accounts Receivable and Invoices
- Ensure employee and supplier information is up-to-date in Telpay
Check Employee and Supplier Information in Telpay
Periodically, but even more so when approaching year-end, check to ensure that the following information you have in your Telpay software is correct.