Year-end closing of accounts

Financial year 01.04.2019 to 31.03.2020

Usually from April to March of the subsequent year, is categorized as the financial year for the business. Every year, all the businesses have to take stock of their accounts, check their closing stocks, place orders only if needed and generally keep a lean inventory so as to maintain their profitability ratio high.

There are also Tax returns to be filed, GST returns and hosts of other accounting formalities have to be declared to the Government authorities. Busy period for the trading outfits. Novasoftware, always come to your rescue with our intuitive interface of software to support you in filing your returns.

Steps to take