Also known as “closing the books,” year-end closing is the process of reviewing, reconciling, and verifying that all financial transactions and aspects of the company ledgers from the past fiscal year add up. This involves calculating the business expenses, income, revenue, assets, investments, equity, and more. What is the year-end close? The goal is to […]
Numbers can frustrate you, especially when things simply don’t add up. Understanding your business’ finances is at the core of every small business as it allows you to look into what can be improved for your operations and create more room for better margins. You would need an accurate financial report to determine all of […]