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: 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.
Step Two: 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
Receipts and Payments
Step Three: 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 End
Helpful Principles
- Prepare for Year End as soon as possible
- Understand how to complete your Annual Return
- Learn best practices for opening & closing your Financial Year
