How to prepare for the year-end closing

The end of the accounting period is a demanding time every year. With a bit of preparation, however, you can handle the closing smoothly and stress-free.

What to watch out for

Make sure you have complete documents, reconciled receivables and payables, and a completed inventory of assets. Don’t forget accrued items and the accrual of costs.

When to consult a professional

If you are unsure when to address tax optimisation or how to correctly post a specific case, contact your accountant in time — ideally before the end of the year.