Business, Legal & Accounting Glossary
Year end is the end of a business’s accounting year. It’s short for ‘accounting year end’.
The end of the financial year.
During this period, the accountant calculates how much tax a business owes to the government. Bookkeepers need to ensure that reconciliations are completed, transaction entries are correctly coded, supporting paperwork is readily available, and that sales taxes and PAYE taxes have been processed.
As of year end, net assets were valued at £2.4 million.
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This glossary post was last updated: 7th July, 2019 | 2 Views.