Closing down the year means you are able to confirm, first to yourself and then to anyone else, that you have reviewed the monthly accounts and worked through a simple checklist so that the accounts and all accompanying documentation (paper or digital or both) are ready to be passed over to whoever will be taking your accounts. Usually this is someone who will be combining your accounts into a larger set of charitable accounts. Your job is to make sure they’ll be able to find what they need as easily as possible.
There may be a checklist or tasks list supplied by your organisation. Once again, ask the treasurer!
If you are the treasurer, we have checklists in our Next Steps Financial Administration module