For accountants and human resources of enterprises, the end of 2023 and the beginning of 2024 is an extremely busy period with many important financial and accounting tasks. To have a smoother start in the new year, as well as avoid risks of penalties according to the provisions of the law, in the article below, MISA meInvoice would like to summarize the accounting and human resources tasks that need to be monitored and performed at the end of the old year and the beginning of the new year . Let’s take a look…
Accounting tasks to do at the end of 2023, beginning of 2024
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1. Debt related work
Reconciliation of debts
Provision for doubtful debts
2. Work related to inventory of cash funds and advances
Cash inventory
Check the funds in the bank account
Inventory of advances
Review internal loans and borrowings
3. Work related to business costs
Corporate finance costs
Advance payment of payable expenses
Determine non-deductible expenses when settling corporate income tax
4. Work related to fixed assets
Fixed Asset Inventory
Fixed asset discrepancy handling
Depreciation of fixed assets
5. Work related to goods and inventory
6. Work related to taxes payable
Pay business license fee
Corporate income tax settlement
Personal income tax settlement
Submit VAT declaration for italy telegram data December 2023 or fourth quarter 2023
7. Work related to human resources, salaries and insurance
Salary accounting
Deduction of social insurance, health insurance, unemployment insurance contributions for January 2024
Register other dependents for staff
Accountants need to record and confirm get to know your people start by understanding debts with customers and suppliers according to recorded amounts. In case of detecting differences, it is necessary to find the cause and record and confirm brazil data additional payments immediately.In case the 2023 debt accounting is missing, different or incorrect, but the accountant only discovers it and makes additional accounting in 2024, the expense will be recorded in the wrong period, leading to the risk of tax exclusion of the following year’s expense.Provision for doubtful debts
For receivables that are overdue or debts that have not yet reached maturity but are unlikely to be collected by the enterprise on time (in case the debtor goes bankrupt, is prosecuted, tried by law enforcement agencies, is serving a sentence, has a serious illness, has absconded, or has passed away