Preparing for Year-End in June

To help your organisation prepare for year-end, the following processes can be completed at the end of June.

Before completing any preparation for year-end during June, July, August, and September, month-end processes must be completed first.

1. Review outstanding orders and goods received notes (GRNs).
2. Write off or cancel any outstanding documents that are no longer required.
3. Pay outstanding debts or chase due payments.
4. Review aged creditors and debtors.
5. Complete your organisation's budget.