Tax Year-End is approaching, and businesses have just over a month to get their houses in order to ensure compliance.
We chatted to Heinrich Grove, Director of SA Tax Returns, and founder of SA Accounting Network, about what businesses should be doing now to prepare for Tax Year-End.
In this video, Heinrich shares his top six actions for Sage Accounting users to get ready for financial year-end:
- Do a bank reconciliation
- Run a debtors review
- Run a creditors review
- Do stock take
- Export balance sheets and look for movements in assets
- Run profit and loss reports; look for and investigate variances
Watch the video below.