{"id":13889,"date":"2025-11-23T10:04:44","date_gmt":"2025-11-23T10:04:44","guid":{"rendered":"https:\/\/practical.nl\/?p=13889"},"modified":"2025-11-23T10:16:34","modified_gmt":"2025-11-23T10:16:34","slug":"year-end-closing","status":"publish","type":"post","link":"https:\/\/practical.nl\/en\/year-end-closing\/","title":{"rendered":"The importance of a proper year-end closing"},"content":{"rendered":"\n

We wish you happy holidays and a prosperous New Year! Thank you for the pleasant collaboration over the past year. At Practical | Excellence in Finance, we are not only reflecting on a successful 2025 but also looking ahead to 2026. Our goal for the coming year is to provide you with management information and an accurate financial statement even faster, ensuring you are well-prepared for the future.<\/strong><\/p>\n\n\n\n

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Part of our team at Practical during the Yuki Award gala <\/figcaption><\/figure>\n\n\n\n

To create your financial statement, it is essential to pay extra attention to your administration in the coming weeks. The sooner we have everything complete, the sooner we can begin. Below, you will find how we can achieve this together. Be sure to schedule an online appointment with your contact person in December or early January. This can be done quickly and easily via this link<\/a> and is an important first step that can ensure you receive your financial statement before March 1st.<\/strong> <\/p>\n\n\n\n

However, this appointment is not only important for your financial statement. A short meeting is also highly valuable for your salary administration and tax declarations. By scheduling a call, you will know exactly what we need from you and you can indicate what you consider important in the timely delivery of our services.<\/p>\n\n\n\n

In fact, we recommend planning a meeting with your contact person at least once a year, regardless of the year-end process. This helps us align expectations, identify opportunities, address potential risks and ensure that your administration, payroll and tax matters are fully up to date. Together, we can maintain a smooth collaboration and provide you with the high-quality, proactive support you expect.<\/p>\n\n\n\n

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Why a proper year-end closing is essential<\/h2>\n\n\n\n

A good year-end closing is more than just finalizing the books; it lays the foundation for a strong financial year. It provides insight into your performance, helps identify areas for improvement, and ensures an accurate tax return. Additionally, a thorough closing prevents errors and unexpected surprises in the new year.<\/p>\n\n\n\n

We frequently notice that documents, such as those needed for a mortgage application, business acquisition, or other important events, are often required at the last minute. This results in unnecessary urgency and pressure, which benefits no one. To avoid this, we have created a schedule for all our clients based on the past year and your stated preferences.<\/p>\n\n\n\n

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Important steps for December: getting a head start<\/h2>\n\n\n\n

Schedule an online meeting<\/a><\/strong> with your accountant or contact person to review your administration in Exact or Yuki. This meeting typically takes about half an hour and ensures that you understand what we need from you, what you can expect from us, and what is required for your financial statement. Use this link to schedule your appointment.<\/p>\n\n\n\n