A useful month-end process starts with bringing the right information together. You do not need a complicated system to make a meaningful improvement.
Keep the source documents together
Collect sales invoices, purchase invoices, receipts and bank statements in one agreed place. Use consistent file names so that another person can find a document without asking you.
Separate business and personal activity
Identify transactions that need clarification. If personal and business spending overlap, flag it for your accountant rather than guessing how it should be recorded.
Review what is outstanding
Keep a list of customer balances, supplier bills and items waiting for approval. Include dates and supporting documents so that your team can follow up.
Agree a review routine
Choose a regular time to review the books and resolve questions. The right frequency depends on your business and the information you need.
Bring your questions
Write down the decisions you are trying to make. Clear questions help your accounting partner focus the reporting on what matters to you. Contact Bookeeze to discuss a bookkeeping process for your business.