Tip 37 – Buying – Settlement – What the accountant does

Settlement will usually take place on the last day of the month. This is so your accountant, or your bookkeeper, can attend on site on the day of settlement to help you conduct an end of month roll over.  On site is the best place for this to happen so that the records can stay put and between you and the seller you are able to work out commission for broken stays, how to approach debtors and the transfer of deposits.