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The accountant can set the goal to increase the profit control the expanses reduce the payable ac count balances etc through different analysis.He will carry forward the accurate balances of assets an liabilities and ensure that the closing and opening balances for new year are correct.
After successful closing of existing year end reporting of Audited P&L and Balance sheet audit fix the Board meeting to ascertain the Shareholders Dividend and Bonus of Employees. From the Finance point of view need to shift the current year profit and loss(N/P need to shift to Retained Earnings), Deduction of Zakat tax and etc. Ensure the all GL Balance of Assets and Liabilities carried out to Next year(New Financial Year) with the supporting of Sub system.
keep update with your account data sheet, balance sheet and the expenditure, the each and everything which is related to accounts once the account year comes to an end prepare the report last year and whatever the balance or dues of the last year try to clear it and then you start with new accounting year.
