A “How To” for Year End Procedures

It is that time of year when we start receiving many more calls from those inquiring about Year End preparations. You can find our End of Period Procedures document on the QFloors website (you must be logged in before clicking this link). This document will help provide the direction needed to complete your tasks. It will tell you where to start, and what needs to be done before the end of the year. It’s even going to let you know what can wait.

Please keep in mind, you can always call in with questions, or to set up an appointment with our support team to go over these procedures, or to just discuss how to get started. It’s usually best to touch base with a trainer prior to setting an appointment. This will make sure you are prepared and ready for the guidance and help you will receive during your appointment.

It is important to make sure that you clean things up and reconcile your accounts to ensure accurate financials. The End of Period Procedures document will walk you through important tasks like making sure you are caught up on Job Costing and cleaning up your stock list, to ensure nothing slips through the cracks.

We do recommend that you make these procedures part of your monthly bookkeeping procedures throughout the year. This allows you to more easily correct and identify issues that arise throughout the year.

Remember, you can always call us to ask questions or set up training appointments. Please keep in mind that our call volume dramatically increases in the first and fourth quarters of the year as more people are calling with accounting questions. Make sure you plan ahead and let us know what we can do to help!