Year end doesn't have to be a total nightmare! Simply follow out top tips below and complete the checklist. Then you'll be organised, planned and ready to complete everything in a timely, stress free manner.
4 Year End Top Tips
1. Make sure you have closed the previous year's accounts and copied the annual returns data to the next financial year otherwise this will bring up an error message on your AGAR with no data in the 18/19 column.
2. Ensure that you have allocated within your cost codes for staff costs, precept and capital costs the correct type so that these feed through to the correct boxes on the AGAR. This can be completed within set up/cost codes. Any codes that would be included in other payments or other receipts can be left as 'Default'.
3. If working on an Income and Expenditure basis ensure that before you run your annual return you click on 'calculate' or any changes or updates you have made will not take effect.
4. Once you have completed your year end you can close your accounts straight away. This will prevent any changes being made in error should you log into the wrong year! Once your audit is complete should any changes need to be made you can simply reopen the year and make your amendments and then close again.
Remember: Our help centre if full of helpful articles too, including a section entitled Year End Help.
Year End Check List
Download a free year end checklist printable PDF tick list
Still need more help? Simply contact us and we are happy to help.
