Five considerations for the 2025 accounting closing

At this time of the year, the accounting closing takes on significant importance for businesses, as the financial information obtained through this process reflects the results of the company’s economic management for the year. This information is extremely useful to Management and shareholders when making strategic decisions, both in the short and long term.

To achieve an appropriate accounting closing, it is necessary to consider several fundamental aspects that ensure the reliability of the information and the achievement of the process’s objectives. Among these, five key aspects stand out:

  1. Plan the closing activities: A clear and detailed schedule of activities must be established, identifying the responsible parties and the corresponding timelines per stage. The communication among the areas involved in the process must be permanent and fluid.
  2. Define documentation cut-off dates: Establish deadlines for the submission and receipt of accounting information, including extended timeframes for specific sensitive and critical information required for the closing process. In addition, technological tools should be leveraged to streamline the means to deliver information.
  3. Establish review processes for the proper recording of transactions: Ensure that the origin of transactions is properly identified and, when necessary, consult with the relevant departments of the company to determine the appropriate accounting treatment.
  4. Ensure accounting and tax consistency: Proper identification and recording of the company’s transactions also provide a reliable basis for the tax closing and the preparation of the annual income tax return, as well as adequate support in the event of reviews by the Tax Authority.
  5. Prepare the financial statements: Considered the final yet essential stage of the accounting closing, these must include financial ratios and indicators, as well as conclusions addressed to Management to support the decision-making process in a strategic manner.

In conclusion, a well-planned accounting closing guarantees the reliability and quality of financial statements, which will allow the company to have solid information to make strategic decisions and achieve its objectives.

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