You're a busy Council Clerk, and there's no time for your Year End to be anything less than smooth sailing. Follow our 3-step strategy so you can enjoy a stress-free Year End in the future!
Step One:Â Preparation is KEY!
Proper preparation can make a big difference in your yearly taxes, so its important that you start thinking ahead as soon as possible. A lot goes into preparing for Year End, so it pays off to make sure you have all your ducks in a row well before then.
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Step Two:Â Completing your Annual Return
A lot of people think that preparing their annual return is a daunting task. It can be, but it doesn't have to be! Watch these tips on how you can prepare and complete the process in less time!
Income and Expenditure
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Receipts and Payments
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Step Three:Â Opening/Closing your Financial Year
Entering and exiting a financial year is crucial to ensuring you are not reporting any errors. Let’s take a closer look at best practices for opening and closing the Financial Year.
That's it! Year End can really be that simple. Scribe makes Year End council accounting a breeze, and you'll have more time to focus on other things with less worries about the last few months of expenses. Get in touch here
Key Take-aways
Promise: no more stress when it comes to Year EndÂ
Helpful PrinciplesÂ
- Prepare for Year End as soon as possible
- Understand how to complete your Annual ReturnÂ
- Learn best practices for opening & closing your Financial Year