Closing Out Your Year
Russ Melton2018-08-07T09:28:22-04:00It’s that time of year again. Time for holiday parties, gift exchanges, and visiting with family and friends. It’s also time to prepare for closing your year in your accounting software. This is your most important end-of-year financial task. Properly closing your books helps you avoid posting a transaction in the wrong year, which, as you can imagine, can have a serious impact on your future accounting and taxes. Closing your books also allows you to accurately show your firm’s financial activities for the year and start building fresh reports for the new year. Closing your firm’s books at the [...]