The end of the year is an important period for any organization. At this time, various results are summed up, including financial ones. The accountant also has more work to do. And in order to properly distribute the load, you need to know how to properly close the year.
Necessary
Financial documents of the organization
Instructions
Step 1
Start preparing documents with an inventory, that is, reconciling the actual availability of money and goods with the documentary. Take an inventory of the property owned by the firm. This includes not only equipment, but also, for example, money, that is, everything that the company has in stock. During the inventory, draw up a special act, where indicate whether all the property passing through the documents is available, whether there are situations of shortages or unrecorded surpluses. The accountant can be helped in this by, for example, a storekeeper, a cashier and other financially responsible employees.
Step 2
Based on the results of this check, in addition to the act, a statement is drawn up. Its approved up-to-date form can be found in the special reference books for accountants. Record the results of the asset inventory on the organization's accounting records. Try to find the reasons for the shortage or surplus and indicate them.
Step 3
Move on to the more difficult stage of inventory - checking the correctness of financial calculations. As with accounting for material assets, you will need to draw up an inspection report and a statement. If you find that your organization has not yet paid certain amounts, but the deadline for their collection under the law has already expired, report this to the manager. After his written permission, you can enter them in the "Income" column. In the opposite case, if someone remains owed to your company, but it is too late to demand money from him, this amount is indicated in the "Expenses" section.
Step 4
After conducting all the checks, calculate the taxes that your organization must pay to the state. In most accounting computer programs, such a calculation occurs automatically, it is only necessary to enter the correct data. And they will appear after all the checks and calculations described above.
