WebNov 21, 2024 · An accountant is a professional who handles bookkeeping and sorts out the financial documents you need to run your business—like profit and loss statements, balance sheets, and more. They audit your books, prepare reports for tax purposes, and simplify all the financial mumbo jumbo that comes with running a business. WebJan 12, 2024 · Set the dividing date to define the fiscal period the accountant can work on. Accountants can only modify transactions that fall on or before the dividing date. While clients can only modify transactions in their working file that fall after the dividing date, to prevent conflict or the possibility of overwriting changes.
Backdating: Definition, How It Works, Legality, and Examples - Investopedia
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