Take the stress out of tax year end. See our 12 tip checklist will help get you on your way.
(1) Reconcile your bank accounts to 31 March 2025. Need help ask now.
(2) Schedule a stocktake on 31 March 2025.
(3) Record work-in-progress at cost, and write-off anything non-recoverable.
(4) Tidy up any bad debts. Remove from the debtors’ ledger and make a note of these.
(5) Prepare debtors & creditors lists (March invoices paid in April).
(6) Gather all home office expense details.
(7) Review the fixed assets schedule.
(8) Count the cash on hand on 31 March 2025.
(9) Clear the suspense account before 31 March 2025.
(10) Update your log book and calculate the percentage of business use on the vehicle.
(11) Keep a record of any date sensitive reports e.g. debtors aged trial balance
(12) Complete your annual accounting questionnaire as accurately as possible.
Call us if you have any questions or need help with preparing your year end records.
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our Xero Health Check service.