- Sharon Climo
End of Financial Year
With the end of the financial year fast approaching it is important to be organised. The first and most important step is to reconcile your bank accounts. If you are using electronic clearing accounts or have loan accounts it is important to reconcile these too.
It is important to reconcile your accounts regularly. This helps identify errors quickly, before they have an impact on your financial reports. Lets face it, there is no point in submitting the numbers if they are not right.