Closing a financial year
This section describes the tasks you should perform at the end of your
financial year.
However, you don’t need to close your financial year at any particular
time. You can continue to use your company file after the last month of
your current financial year.
Complete the tasks listed below to close your financial year and start a
new one.
1 Complete month‐end tasks
2 Provide information to your accountant
3 Enter end‐of‐year adjustments
4 Back up your company file
5 Close a financial year
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