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Steps to Clean Up Accounting Records: A Checklist

xendoo

There are many reasons to have clean accounting books each month. If you don’t know where you stand with accounts receivable, accounts payable, or cash accounts, you won’t be able to make strategic business decisions. Be Ready for Tax Season. Incorrect Accounts Payable or Receivable Reports.

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Why and How to Transition from a Sole Proprietorship to a Corporation

Ronika Khanna CPA,CA

Make sure to export all relevant reports and data since inception of your business, before deprecating your account, including: Balance sheets by fiscal year Profit loss by fiscal year General ledger since inception Trial balance by fiscal year Accounts payable details Accounts receivable details Supplier, customer, employee lists Sales tax details (..)

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