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2012 Year-End Processing Guide For Online Credit Unions INTRODUCTION This guide is provided as a reference to the many tasks and procedures related to the end of the year and annual tax reporting.
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How to fill out 2012 year-end processing guide:

01
Start by gathering all necessary financial documents for the year 2012, such as income statements, balance sheets, and cash flow statements.
02
Review and reconcile any discrepancies or errors in the financial records to ensure accurate reporting.
03
Compile a list of all employees and their respective wages and salaries for the year 2012.
04
Calculate and record any bonuses, benefits, or other compensation given to employees during the year.
05
Determine and record any expenses related to payroll taxes, such as Social Security and Medicare contributions.
06
Ensure that all expenses, including rent, utilities, and other overhead costs, are accurately recorded for the year.
07
Review and reconcile any accounts receivable and accounts payable balances for the year.
08
Prepare financial statements, including income statements and balance sheets, based on the gathered information.
09
Generate and file any necessary tax forms or reports, such as W-2 forms for employees or 1099 forms for contractors.
10
Finally, review the completed 2012 year-end processing guide for any errors or omissions before submitting it to the relevant parties.

Who needs 2012 year-end processing guide:

01
Small businesses and companies that need to close their financial books for the year 2012.
02
Accounting or finance departments responsible for preparing financial statements and reports.
03
Tax professionals or consultants who assist businesses with tax filing and compliance.
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Year-end processing guide is a document providing instructions on how to complete year-end processing tasks.
Employers are required to file year-end processing guide for their employees.
Year-end processing guide should be filled out by following the provided instructions and entering the required information accurately.
The purpose of year-end processing guide is to ensure accurate reporting and compliance with year-end processing requirements.
Information such as employee earnings, deductions, and taxes must be reported on year-end processing guide.
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