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greetings Oh doers our company stealthy would Inc has proved to be successful this year and weve just started a new fiscal year this means that its time for us to close the last fiscal year and generate all of our financial statements these reports we use to analyze and review our companys business operations and performance now most companies mirror the calendar year meaning that their fiscal year ends on December 31st however this is not mandatory and its up to us to decide which time of the year best suits us at stealthy Wood Inc we decided to stick with the super 31st by the way if youre watching this video around that time happy new years now before closing the year and generating the statements we have to make sure that everything is in order and accurate to do so I have a small checklist that can help first things first I make sure that all invoices bills and expenses are recorded and validated and oh do most of the time I have to chase after the employees who kept the rec