The end of the year is approaching, do you know the three things you must do before closing the accounts?At the end of the busy year, Xi'an Junyi Finance has compiled a detailed guide for your reference!
1. Urge all departments to reimburse and collect invoices in a timely manner
1. Notify all departments in advance to reimburse the expenses of the current year before the end of the year.
2. Clarify the responsibilities of each department, for example, if the bill reimbursement is not timely due to personal reasons, so that the enterprise fails to deduct the pre-tax deduction in the current year's final settlement, then the individual or a business department should bear the corresponding responsibility.
3. Under special circumstances, withholding or provisional estimation can be carried out according to the type of expense: if it is too late to report, it shall be withheld or provisionally estimated first, and the invoice shall be supplemented during the final settlement period, and then the withholding shall be reversed and re-recorded according to the invoice.
2. Verification and clearing of current payments
For current accounts, the accounting system requires that they be reconciled at least once a year
1. Formulate a reconciliation plan and clarify the verification requirements.
2 Secondly, select important customers to the current payment of the first business, for confirmation, timely registration of the confirmation letter issued, the first situation, if not the use of confirmation, can also implement manual reconciliation or reconciliation.
3 In the case of inconsistencies in the reconciliation, the reasons should be ascertained, and if so, no payment should be madeThe amount paid shall be converted into business income;If it is recognized as an unrecoverable amount, it should be written off as a bad debt loss.
Preparation of pre-tax deduction documents
The enterprise shall issue a "Statement on Writing Off Bad Debt Losses" approved by the internal management personnel, detailing the time and reason for the formation of the payment, as well as the time and reason for confirming the bad debt.
4. After clearing the transactions, analyze the problems existing in the management of the current accounts and improve the management to prevent tax risks.
3. Inventory of assets
For the inventory of assets, the accounting system requires that the inventory be done at least once a year.
* Sort out the inventory process
1 should be established"Asset Inventory Team"(Financial personnel, business department personnel), formulate a detailed inventory plan, and clarify the scope, method, requirements, and time arrangement of the inventory.
2. Training can be held before the inventory, so that the personnel participating in the inventory can clarify the objectives and rules, and improve the efficiency and quality of the inventory.
3. During the inventory period, the executor of the asset inventory affairs needs to check and check all the assets of each department, including office furniture, raw materials, inventory commodities, equipment and facilities, one by one in accordance with the requirements of the company, and make a record of the profit and loss assets.
4. In the process of inventory, the asset inventory team should draw the inventory, and check whether the "Inventory Result Schedule" and the "Inventory Result Summary Table" are consistent with the lottery results.
*For loss-making assets, it is necessary to prepare the tax information for asset loss
In the case of inventory, for example, there was a loss in inventory, and the cause was further traced to improper management. If you want to deduct corporate income tax before tax, you need to meet two major conditions:
1 Treated as a loss in accounting;
2. Declare the deduction in the year when the loss occurs, and keep the pre-tax deduction information for future reference.