To help you manage your year end in Pandle, we've put together a list of recommended tasks for you to follow when the time comes.

Because Pandle is designed to give users full visibility of previous and current financial years quickly and easily, there isn't a set year-end process, as such. This means you can be flexible in the way that you review the information that you need access to.

You can view your current financial year or previous years by changing the date range on the Categories page. It's also possible to update your financial year in the Company Settings menu.

Changing the date range of your financial year on the Categories page

Updating your financial year dates in the Company Settings menu

Recommended tasks for year end in Pandle

Changing the date range on the Categories page

Click 'Accounting' in Pandle's navigation menu, and select 'Categories'.

On the Categories page, edit the 'Financial Year Start Date' and 'Financial Year End Date' to adjust the period covered. These dates can be modified at any time, and doing so will not change your data in any way.

 

Click the refresh icon to reload your information with the new dates.

Updating your financial year dates in the Company Settings menu

Click the settings icon, and select 'Company Settings' from the dropdown menu.

On the Company Settings page, select the 'Business Info' tab.

Update your financial year dates. Updating one will automatically recalculate the other.

Click 'Update Company' to save your changes, or 'Cancel' to return to the settings without updating anything.

Recommended tasks for year end in Pandle

  1. Check your category balances are correct. For instance, the category which shows VAT owed to HMRC should match the amount you owed at that date.

  2. Drill down into each category by clicking the category name, and ensure that the transactions within each category belong there.

  3. Check the amount you were owed from customers was correct at year end. You can use your Customers screen, or run a Receivables report for the correct time period.

  4. Check the amount you owed to suppliers was correct at year end. You can use your Suppliers screen, or run a Payables report for the correct time period.

  5. Check that your bank balance figures in Pandle match the bank balances on your statements.

  6. If you're VAT registered, ensure your returns are up to date and locked.

  7. Enter your year end adjustments, such as for depreciation (if you have one, your accountant will usually calculate your year end adjustments).

  8. Lock your transactions up to the end of your financial period. This means transactions cannot be added to the previous financial period and transactions up to that period end cannot be changed.

    This protects you from any accidental changes being made to your previous work, which can be time consuming and costly to put right.

    To lock your transactions, click the settings icon, and select 'Company Settings' from the dropdown menu.

    On the Company Settings page, select the 'Business Info' tab.

    Select the date you would like to lock transactions up to. You won't be able to make changes to any transactions dated before this unless you edit the lock date.

    Click 'Update Company' to save the transaction lock date, or click 'Cancel' to return to the settings without making any changes.

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