Tips to ensure efficient end of the year accounting for a business

5 Apr , 2016  

It’s that time of the year, when businesses start having a close look at their accounts to prepare for the end of financial year. It is a mammoth task for any business small or large. End of the year accounting can be a challenge particularly for new businesses. To help prepare for the end of the year accounts, here are two key things to keep in mind.

Set up timely processes

Accounting is one of the most efficient industries. If accounts are looked at on a daily basis, at the end of the financial year, it becomes much easier. If not, everything has to be taken care of at the end and there are possibilities that money could be lost because of some oversights. Documents such as bills, receipts, invoices, bank statements and cheque stubs just to name a few, should be kept as evidence that your records are accurate. All transactions should be recorded on a daily basis, whether a sale was made, or an expense was incurred as it is related to the business.

So it surely pays to keep good bookkeeping tools.


Order & use a good quality Invoice book

It is very important that the appropriate templates and good quality invoice books are used from the start of the financial year. The main aspect to consider is that you have all the information your business requires on the printed page and it is legible.

The best way to get a good quality invoice book is to get is custom made and order it from a large specialist online printing company. You can opt to customise these books based on your requirements, for example, you can choose the duplicate NCR invoice book or a triplicate NCR invoice book.

Invoice books are available in various sizes, although the A5 NCR Invoice Books are the most popular size as they are convenient to carry around. Key things to add in an invoice would include the entire company branding, tax numbers, contact details and anything else as required by the business.

By choosing a customised invoice book, you can ensure the quality is great and also save money by getting a good deal.

Speak to us today to get a quote for a custom invoice book.

Comments are closed.