Preparing for Year-End in September

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

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

1. Reconcile any outstanding bank statements for August.
2. Produce any year-end reports.
3. Run a Trial Balance.
4. Produce a final VAT return.
5. On or after 31st August, to close accounting periods 01 to 11, set the Access level to 8.
6. Submit the VAT return for August.