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March 2020TPP 1908Policy and Guidelines Interagency Direction for the 201920 Mandatory Early Close NSW TreasuryPreface Early Close Procedures have been introduced to both facilitate earlier completion

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Collect all necessary financial documents including income statements, expenses, and tax forms.

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Businesses of all sizes

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What is year end processing?

Year end processing refers to the completion of financial tasks and reports at the end of a calendar or fiscal year.

Who is required to file year end processing?

Businesses, organizations, and individuals who have financial transactions throughout the year are required to file year end processing.

How to fill out year end processing?

Year end processing can be filled out by compiling all financial data, reconciling accounts, and preparing financial statements.

What is the purpose of year end processing?

The purpose of year end processing is to summarize financial activities for the year, assess the financial health of an entity, and prepare for tax obligations.

What information must be reported on year end processing?

Information such as revenue, expenses, assets, liabilities, and equity must be reported on year end processing.

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