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Six Steps to a Smooth Year-End Process

The financial year is a 12-month span that commonly runs from 1 Jan to 31 Dec but can also begin when the enterprise is registered. The auditing team is responsible for collecting relevant information, verifying this data while correcting discrepancies, and later developing financial statements from this information.

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Six Steps to a Smooth Year-End Process - Trendwait
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Six Steps to a Smooth Year-End Process - Trendwait

The year-end process involves evaluating, reconciling, and validating all monetary transactions and company records from the past financial year. The purpose