Before the closing date
Plan the physical stock count, brief the teams, set the timetable with your firm.
Year-end work
Bank reconciliations, matching of customer and supplier accounts, stock count and valuation, depreciation and provisions, accruals and deferrals.
The financial statements
Law 9-88 requires them to be prepared within three months of the year end: balance sheet, income statement and, depending on size, statement of management balances, funding table and notes to the accounts.
After closing
Approval of the accounts by the general meeting, filing of tax returns, updating of statutory registers. Use the occasion to analyse the year and prepare the next budget.
This guide gives general pointers. For your situation, talk to our experts.
