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hello everybody today we are going to discuss key accounts to audit when conducting your period and close gift cards and catering deposits the purpose of the period and financial close is to verify accuracy so you can understand where your money is going in order to make smart business decisions when closing out the period it should start with a review of the financial statements focus should be on locating specific adjustments needed and identifying why they occurred was all activity captured were the items rang through the pos correctly understanding why certain activity occurred will help you determine and establish where operational development opportunities lie in order to put action in place to coach and develop your team now lets dive into gift cards which is one of the most important balance sheet accounts from a cash flow perspective there are several factors that could cause gift cards to go out of balance all promotional gift cards that are given away without charge still
