Property Tax Accruals
The accrual and budgeting process can sometimes be faced with angst if a company does not have a stellar approach to the process. Having a seamless process for paying tax bills and having the right amount accrued is essential for a healthy fiscal budget. Do you have that process in place? Are you over accruing or under accruing?
These are questions to be asked at this time of year. Start off the New Year with an accrual process that will be the envy of all. Tracking values, paying timely, and keeping excellent records of payables is key to the accrual process. No matter what software or tools used, having the money already budgeted and readily available is a healthy approach to fiscal balance.
