Tag: Closing entries

The Critical Importance of Locking Your Books: A Lesson in Financial Accuracy

In the world of business finance, accuracy is paramount. A small oversight can lead to significant issues, especially when it comes to tax filing. Today, we’re sharing a recent client experience that highlights a crucial yet often overlooked practice: locking your books after the year-end. The Challenge: Mismatched Beginning Balances Recently, a new client came...

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