Scope 16: End of Year Accounting Practices and Finish 2023

Scope 16: End of Year Accounting Practices and Finish 2023#

  • Scope ID: 16.2

  • Owner: Charles Winans

  • Duration: 16 Hours

  • Date: 10/8/2024

  • Due: 10/8/2024

  • Actual Completion Date: 10/23/2024

Justification#

In order to complete the 2023 tax year and also prepare for the end of 2024 tax year, it is critical that accounting practices be established and maintained in whatever state can currently be afforded to do business.

Context#

In the past accounting has been sporadic and not maintained continuously. This needs to end to keep administrative tasks efficient and within County Road Services, LLC. CoRd Svsc exists to manage small businesses and it would be a critical oversight for it not do to so well.

Deliverables#

  1. Create BusinessDevelopment/Accounting/Reporting documentation describing expectations for financial reporting

  2. Create section within this documentation for year end accounting practices for accounting summarization

  3. Complete 2023 taxes according to these documented standards

  4. Submit 2023 tax preparations

  5. Ensure consistency of Steps 1-4

Potential Future Scopes#

  1. Business Development: Add financial reporting/tax schedule

  2. Business Development: Automate financial reporting

  3. Teechnology Development: Create user application to navigate reporting in real time.