Close the period
Checklist: stock count, VAT, P&L, and trial balance
- Period close checklist — Practical steps before approving month or quarter reports.
- VAT summary: periods and reading — How to pick dates and why the report can look empty when movements exist.
- Apply a stock count — Count quantities, apply, and understand journals by inventory method.
- Trial balance — Opening, period movement, and closing for every account.
- Profit & loss report — Revenue, expenses, and net profit from the ledger.
Start with a task
- First invoice in minutes — From business setup to a printable or email-ready invoice
- Choose an inventory method — Perpetual vs periodic — and how journal entries differ
- Apply a stock count — Count quantities, apply, and understand variance or period-close entries
- Read the VAT summary — Pick the right period and understand output, input, and net VAT
- Close the period — Checklist: stock count, VAT, P&L, and trial balance