by Peter Dragone | Jan 7, 2023 | Peter Dragone Blog, Planning
A reader of my recent, year-end closing blogs asked me to write about surprises I have found when helping clients close their fiscal years. There are many. This particular blog is a tale of old adjusting entries, the unfinished, the unseen, and the unforgiveable. The...
by Peter Dragone | Jan 4, 2023 | Peter Dragone Blog, Planning
My December blogs focused on classic, year-end closing tasks. Collecting receivables, reconciling accounts, paying year-end bonuses. All very important, but it’s already the new year and there is still work to do. I won’t remind you to prepare annual budgets, issue...
by Peter Dragone | Dec 26, 2022 | Peter Dragone Blog, Planning
My earlier blogs on this subject covered steps to be taken prior to year-end. With those tasks completed, it’s time to dive into the real year-end closing work. Namely, account reconciliations. Reconciling an account is an accounting process used to make sure that the...
by Peter Dragone | Dec 20, 2022 | Peter Dragone Blog, Planning
Now that you’ve read my previous blog and gathered necessary information, it’s time to begin the year-end closing work itself. It’s not a particularly difficult undertaking but, especially if you’ve been slack in your monthly closings, it can be time consuming. Begin...
by Peter Dragone | Dec 14, 2022 | Peter Dragone Blog, Planning
It’s that time of year. Santa is “making a list and checking it twice.” Accounting managers should do the same: They should prepare a year end closing checklist. Not all year end tasks must be accomplished before December 31st but, without a checklist, managers can...
