Manish Kumar Gupta

B.Com, A.C.A
+ 91 9718262561
E-mail: camanishkg@gmail.com

Steps for finalisation of books of accounts:

 Take the print out of opening trial balance and match it with the last year balance sheet. So
any discrepancies identified in early stages.
 Confirm with sales and purchased department that any pendency are there.
 Account confirmation from debtors and creditors.
 Make appropriate provisions for the expenses.
 Prepare bank reconciliation statement.
 Identified the expenses which may relate to coming financial year like insurance, rent etc.
 Make the provision for taxation on the basis of estimated profit.
 Ledger scrutiny.
 Prepare the final trial balance.

For any query or suggestion, feel free to contact