Financial 'Year End' tips

As we approach the end of the period many businesses use as their financial year, we at Med-e-Mass would like to recommend the following useful hints that you can use in your practice to lessen the stress associated with this time:

• Contact your accountant to establish precisely what information you need to provide to them;
• Ensure all work for the financial year has been captured before the end of the financial year;
• Make two additional back-ups. It is recommended that you use brand new media (e.g. CDs) to back up your data and clearly mark these as your year-end back-ups. Take at least one of these back-ups away from your practice and store in a safe place;
  • (Important note on backing up : ensure all users are logged off the software and the software is properly shut down)
• Ensure all day end audit trails are printed up to date;
• Ensure all required reports are printed as at the end of the financial year.

Should you require in-depth assistance with your year-end processes I ask that you contact our National Call Centre on 0860 98 00 98.