Tips for accounting and fiscal closure
With the arrival of December, from the end of the year, we also enter a review period of our projects: We evaluate the evolution of the year, the goals achieved, the mood in which the collective is located, the new ideas for implementing next year and also, the Review of numbers.
It accounting and fiscal closure It is a procedure that is carried out in all companies, whatever its legal formula. It’s about Review accounts all year round And ensure that all documentation and coding is up to date to present all the information that the Public Administration requires to fulfill our obligations as an economic operator.
We wanted to pick up some Tips that can help you review all these figures Among all the members of the cooperative. It is important that all partners have access to this information and to be understood to ensure that the decisions made in the future are founded and clear to everyone.
1. Make a pre-tier over the third quarter. This allows us to anticipate the final result before the end of New Year’s Eve and thus make some strategic decisions that can help improve the result. The pre-tanning, also, allows us to detect previously possible inconsistencies and breaches of payments or other obligations and prepare all the necessary documentation.
2. Analyze the financial situation between allif necessary with the help of an expert person. Make Situation Balance It shows us a fixed image of the project at the time of closing. This is how we can know if there are pending payments and the planned and executed budget items. In addition, it allows us to clarify the liquidity we have and thus we can foresee if there is a need for external funding.
3. Sharing doubts and anxieties: It is normal for some people to feel disorientation when talking about project accounting, societal aspects and other technical terms when they are not accustomed or do not have basic knowledge in this area. That is why from Coópolis we insist on the need for all people partners carry out some very basic small training on these aspects In order to feel secure when analyzing the economic aspects of the project and being able to issue their opinion.
4. Having trusted professionals. Work cooperatives have some tax and corporate particularities that do not share with other types of legal forms. It is important that accounting management professionals who trust our procedures have the right knowledge and training to do so, to avoid mistakes and to give better advice on the decisions to be made. In the SHOC, the Ateneo Cooperativa de Catalunya Network, intense work was done to agree and offer the knowledge that these professionals had to prove in order to accompany cooperatives in a proper way. These managers are given the label ‘Here we advise the ESS’that must be renewed annually.
