Closing Books of Accounts
At Accounting Globally, we take the stress out of closing your accounts. Our team handles all the essential tasks, from reconciling transactions and finalizing payroll to managing tax calculations and stock counts. By ensuring your financial records are accurate and up-to-date, we help you avoid costly errors and give you the insights you need for better decision-making. Let us manage the closing process so you can focus on growing your business.
Closing Books
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Closing books of accounts requires additional time beyond day-to-day bookkeeping tasks.
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Many tasks must be completed monthly during or before the closing process, including:
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Payroll (Salary, Performance Pay, Bonus, Commissions, Profit Sharing, etc.)
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Bank Reconciliations
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Stock Count
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Taxation
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Closing the books may require overtime for in-house accountants.
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Handling these tasks yourself can create extra demands on your time and distract from core revenue-generating activities.
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Errors in accounting can lead to costly consequences due to poor decision-making.