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Year End Check List USPS As Developed By: NOA CSC Fiscal Staff Revision/Update Information: May 29, 2015, This page intentionally left blank 2 USPS Fiscal Year End Procedures Pre-closing STR SAD must
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How to fill out year end check list

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How to fill out a year-end checklist:

01
Start by reviewing all financial documents from the past year, including bank statements, receipts, and invoices. Make sure all transactions are recorded accurately and categorized correctly.
02
Check for any outstanding invoices or bills that have not been paid. Settle any outstanding debts or liabilities before the end of the year.
03
Reconcile all bank and credit card statements to ensure that they match your financial records. This will help identify any discrepancies or errors that need to be resolved.
04
Review your accounts payable and accounts receivable. Make sure that all outstanding payments owed to you have been collected, and that you have paid all necessary expenses.
05
Evaluate your inventory or assets. Take note of any items that have been sold, damaged, or lost, and update your records accordingly.
06
Prepare necessary tax documentation. This includes gathering receipts, invoices, and any other relevant financial records needed for tax filing. Consult with a tax professional if necessary.
07
Analyze your financial statements, such as profit and loss statements and balance sheets. Identify trends, areas for improvement, and potential tax deductions.
08
Create a budget and financial plan for the upcoming year. Set goals and objectives, and allocate resources accordingly.

Who needs a year-end checklist?

01
Small business owners: A year-end checklist is crucial for small business owners to ensure that all financial records and transactions are accurate and up to date. It helps in assessing the overall financial health of the business and planning for the future.
02
Individuals: Even for individuals, a year-end checklist can be beneficial in organizing personal finances. It helps in identifying any outstanding bills or payments, updating financial records, and preparing for tax filing.
03
Non-profit organizations: Non-profit organizations also require a year-end checklist to ensure that they comply with financial regulations, prepare accurate financial statements, and evaluate their financial performance for the year.
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A year end check list is a list of tasks and obligations that need to be completed before the end of the year.
Businesses, organizations, and individuals who have financial reporting requirements are required to file a year end check list.
You can fill out a year end check list by reviewing financial records, ensuring all required documentation is in order, and completing any necessary forms or reports.
The purpose of a year end check list is to ensure that all financial obligations and reporting requirements are met before the end of the year.
Information such as revenue, expenses, assets, liabilities, and other financial details must be reported on a year end check list.
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