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have you ever wondered what exactly is a cut off date and no itamp;#39;s not the date you had a brilliant idea to cut the sleeves off your denim jacket at 2 a.m. this is good yeah I look good a cut off date is pretty simple itamp;#39;s the last day a company can include transactions in a financial statement during a specific Financial period so unless theyamp;#39;re cruising for a pocket bruising that can mean Hefty government fees a company better report all the earnings by this deadline or else just kidding but really it is important to adhere to a cutoff date so your companyamp;#39;s financial statements are correct When comparing from year toe so you donamp;#39;t accidentally end up paying too many taxes on income not get earned let deal do the cut off date deadlines with their flexible payroll you just worry about turning yet another perfectly good denim jacket into a denim vest yeah yeah I like what I did here no mistakes were made I stand by what I did