Year-End Accounting Guide: Closing on Strong Financial Footing
At the end of each fiscal year, accounting professionals often begin reviewing their finances, particularly to see if there’s any outstanding debt on their books that can be resolved. Ideally, every accounting professional will go into the next year with as few unpaid invoices as possible. The less bad debt they have, the better their overall revenue streams will be for their practice (or their firm).
In this guide, we’ll describe techniques that you can use in your practice to help clear up your aged receivables and get paid on those accounts you were ready to give up on.