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That time of year has crept up on us again.\u00a0\u00a0 End of Financial Year….<\/em><\/span><\/span><\/strong><\/p>\n <\/p>\n What feelings do these words invoke in you?\u00a0 For some, these words bring stress and worry about deadlines and overtime.\u00a0 For me, on the other hand, I feel a sense of anticipation.\u00a0 Yes, it can be tense, but just like the demanding lead-up to Christmas at the end of the calendar year, it can also be a time for reflecting on the past year and then looking forward to new beginnings of the year ahead.\u00a0<\/span><\/span><\/p>\n <\/p>\n It’s a fresh start, a time to make new goals and to decide what is needed for the financial health of the business.\u00a0 To consider what hasn\u2019t been working, and how to make changes if needed.\u00a0 The data for the full twelve months is now complete giving a comprehensive picture for reporting and charts, and now can be accurately compared to the previous financial year\u2019s results.\u00a0\u00a0 It\u2019s a time to set budgets for the new year and to forecast profits.\u00a0<\/span><\/span><\/p>\n <\/p>\n For business owners and financial managers, it\u2019s a chance to take stock of where the business is headed and which direction to drive it.\u00a0 Even for employees who aren\u2019t involved in the financial administration of the firm, it can still be a time to analyse individual performance and resolve to make improvements.<\/span><\/span><\/p>\n <\/p>\n It can be cleansing.\u00a0 Old files can be purged; data no longer needed can be deleted and paper documents can be archived or destroyed.\u00a0 Financial workbooks and spreadsheets are reconciled and finalised for the year and new ones created.\u00a0\u00a0 Data is reconciled giving an opportunity to find mistakes they may have gone unnoticed; and corrections can be made.\u00a0 It can be a time for analysing the existing financial processes and making changes when needed. \u00a0\u00a0<\/span><\/span><\/p>\n <\/p>\n If you are finding you are feeling stressed out by the end of the financial year looming, then maybe it\u2019s an opportunity to contemplate the positive energy the fresh start can bring!\u00a0<\/span><\/span><\/p>\n <\/p>\n Rebecca Dann<\/span><\/span><\/p>\n <\/p>\n Finance and Administration Manager<\/span><\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" That time of year has crept up on us again.\u00a0\u00a0 End of Financial Year…. What feelings do these words invoke in you?\u00a0 For some, these words bring stress and worry about deadlines and overtime.\u00a0 For me, on the other hand, I feel a sense of anticipation.\u00a0 Yes, it can be tense,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[1],"tags":[],"class_list":["post-14851","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/posts\/14851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/comments?post=14851"}],"version-history":[{"count":0,"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/posts\/14851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/media?parent=14851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/categories?post=14851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ttgrecruitment.com.au\/af-api\/wp\/v2\/tags?post=14851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}