
Preparing for Year-End: A Simple Eight-Week Plan
If your financial year ends in December, there is still time. Follow a simple eight-week plan to tidy your records before year-end and reduce the rush.

If your financial year ends in December, there is still time. Follow a simple eight-week plan to tidy your records before year-end and reduce the rush.

Small cash payments add up quickly. Learn how to set up a petty cash float, record every payment and count the box so differences are caught early.

Strong sales do not help if customers pay late. Learn how a debtors ageing report shows who owes you, for how long and where to chase first.

Profitable businesses can still run out of cash. Learn how a simple 13-week cash flow forecast shows tight weeks before they arrive.

A budget only helps if you compare it with what really happened. Learn a simple monthly budget vs actual check that spots overspending early.

Total profit can hide which products really pay. Learn to compare profit by product or service and make better pricing and stock decisions.

Accruals record costs you owe before the invoice arrives, so your profit shows what really happened. Learn how to track them simply.

A customer returns an item, you refund them, and the books never notice. Here is what to record when goods come back and why it matters.

Month-end should not take weeks. Here is why closing the books drags on, and how steady weekly reconciliation can shorten it.

Months of unentered receipts. A folder nobody has opened. Here’s what catch-up bookkeeping actually involves, and how to avoid needing it again.

A good harvest feels like success. Here’s why it does not always mean the farm actually made money, and how to track it season by season.

Most owners check their sales number and stop there. Here are five simple ratios that reveal far more about how the business is actually doing.