{"id":29695,"date":"2026-11-02T07:28:00","date_gmt":"2026-11-02T05:28:00","guid":{"rendered":"https:\/\/patikimabuhaltere.lt\/?p=29695"},"modified":"2026-11-02T08:53:28","modified_gmt":"2026-11-02T06:53:28","slug":"metu-pabaigos-apskaita-8-darbai","status":"publish","type":"post","link":"https:\/\/patikimabuhaltere.lt\/en\/metu-pabaigos-apskaita-8-darbai\/","title":{"rendered":"Year-end in your company: 8 tasks worth doing before 31 December"},"content":{"rendered":"
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Business tips \u00b7 2026<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Year-end in your company: 8 tasks worth doing before 31 December<\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\u201cWhat will you need from me to close the year?\u201d Clients ask this at the end of January, when some things can no longer be changed. Most year-end tasks must be done by 31 December. Below is a short list you can review in half an hour.<\/p>\n

1. Stocktaking<\/h2>

Companies holding goods, raw materials or fixed assets must count them at year-end and compare the results with the accounting records. The stocktaking list and the committee decision are the first documents the tax authority (VMI) asks for.<\/p>\n

2. Reconciling balances with customers and suppliers<\/h2>

Send balance confirmation statements to your main partners. Differences usually come from an unrecorded invoice or a double payment. They are much easier to find now than in June.<\/p>\n

3. Doubtful debts<\/h2>

If a customer has not paid for more than a year, assess whether the debt can still realistically be recovered. A properly documented bad debt can be recognised as an expense, but only with proof that you tried to collect it.<\/p>\n

4. Advances received and paid<\/h2>

An advance without an invoice at year-end is a common mistake. Check that invoices have been issued for all advances received and obtained for all advances paid.<\/p>\n

5. Cash register and accountable persons<\/h2>

The cash balance must match the actual cash. Money paid to accountable persons must be supported by receipts or returned.<\/p>\n

6. Holiday accrual and other accruals<\/h2>

The cost of unused holidays and invoices not yet received for December services (electricity, telecoms, rent) must be included in that year's expenses.<\/p>\n

7. Profit and payout plan<\/h2>

November is the last chance to estimate this year's profit. You can still decide whether to buy planned equipment this year, how much to pay out to the MB member, and whether the corporate tax rate (17 %, 7 % or 0 %) will change because the income threshold is exceeded.<\/p>\n

8. Documents to your accountant \u2013 by 10 January<\/h2>

Agree with your accountant on the date by which you will submit all December documents. This avoids a rush as the i.SAF and VAT return deadlines approach.<\/p>\n

Most common mistakes<\/h2>