year end accounts preparation
From Reports select Company Financial. To run year-end reports.
Its also important to understand how QuickBooks makes automatic adjustments at years end in preparation for the upcoming fiscal year.
. Understanding what is going on behind the scenes is useful as the entries in the appropriation account now need to be entered into our current accounts. Updating the current accounts. Filing of annual accounts.
You must always send copies. All entities with the exception of those specified in Article 13 of the Commercial Code are required to file their annual accounts with the Trade and Companies Register duly approved within the month of their approval and no later than seven months after the end of the financial year of reference. The balances at the end of last year showed that at that time the partnership owed you 13500 and that I owed the partnership 600.
Related
Select Profit and Loss and the Balance Sheet Standard or any customized reports you may need. Your companys annual accounts - called statutory accounts - are prepared from the companys financial records at the end of your companys financial year.
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