End of Financial Year Tasks – Don’t forget to do your stock take.
If your end of financial year is 31 March, then don’t forget to do your stock take around that date. If your turnover is less than $1.3 million and your stock is less than $10,000 then we can use the opening stock figure. So, if your stock level is more than $10,000 you must do a stock take. We need the cost price from you for accounting purposes. |