Fiscal Year Closing in Nepal: A 10-Point Checklist for SMBs

Ashad-end is the most stressful week of the year for most Nepali SMBs — and it doesn't have to be. The teams that close cleanly all do roughly the same ten things.

The checklist

1. Reconcile every bank account against your books. 2. Count cash on hand and adjust the cash ledger. 3. Confirm supplier balances with at least your top 10 suppliers. 4. Confirm customer balances and chase open dues. 5. Take a physical stock count and post adjustments.

6. Review and write off genuinely dead stock. 7. Book depreciation on fixed assets. 8. Confirm VAT returns are filed and reconciled. 9. Back up everything (your software should do this automatically — verify it). 10. Lock the prior year so no one accidentally posts back-dated entries.

Starting Shrawan clean

Carry forward only verified opening balances. Re-issue your price lists if needed. Confirm user roles and access — fiscal year is a good moment to remove access for people who've left.

How VedaMS helps

Year-end close in VedaMS is a guided workflow: reconcile, adjust, lock, carry forward. It typically takes a couple of hours instead of a couple of weeks.