After Completing Year-End Processes
To help your organisation manage processes completed after year-end, the following processes can be completed during December and January.
- Check accruals and prepayments have been correctly reversed in period 01.
- To analyse earnings and carry them forward to appropriate funds, run the Balance Sheet report for the previous year .
- Make any necessary changes to the budget.
- Send audited financial statements to Companies House as soon as possible within 9 months of year end (deadline is 31st May).