Year-end accounts provide invaluable information about your business. You see can see how your business has performed compared to the previous year. Check the gross profit margin is set correctly and how that compares to last year. Movements in sales and expenses are laid out allowing you to compare and plan future changes. Any anomalies are highlighted and can then be investigated. Having year-end accounts prepared helps you understand your business better and will help drive success.
Year-end accounts also form part of your tax returns whether that be your partnership, personal or corporation tax return.
Year-end accounts are also important if in the future you are looking to secure investment or bank loans.
Get in touch with us today to allow us to take away the hassle of preparing your annual accounts.