The ideal time to start preparing for the sale is a week before it starts. Prepare your checklist, have your budget ready, and preferably wishlist the items for a seamless checkout during the sale.
Financial Year End Sale 2025 Checklist for Business Owners
Get your business ready for the financial year end with our comprehensive checklist. Plus, with the Amazon India sale, ensure preparedness for the next year.
Financial year end is a stressful time for business owners, companies, corporates, banks and almost all workplaces. However, it's also a crucial time to review how the fiscal year ended, and your finances to set new goals for the next accounting year. Along with reviewing business operations and strategizing for the next year, it's important to clear out old stock and boost profit. That's where the financial year end sale on Amazon proves beneficial.
In this blog, we will guide you through the relevance of the financial year end checklist to make the most of the financial year end sale 2025 on Amazon Business. Let’s start by understanding the meaning of financial year end.
What is Financial Year End?
Financial year end represents the end of a business's financial period, usually at the end of each calendar year. During this time, businesses assess their current financial position and plan for the upcoming year. It's helpful to have a clear idea of your company's financial health before making any bold business decisions.
To ensure no important details are overlooked at the end of the financial year, creating a checklist is a good idea to ensure all tasks are completed. This checklist can include tasks like closing any open accounts, paying outstanding taxes, and making sure all records have been updated with the correct information. It's also important to review your business goals and make sure they are still relevant.
What is the Start and End of the Financial Year?
The start and end of the financial year (or fiscal year end) are used to measure business performance. In India, This period usually starts from April 1st to March 30 every year, It may vary depending on the type of business or country in which the company operates. The financial year does not necessarily have to line up with the calendar year.
Knowing when the start and end of a financial year are important for businesses to plan their budgeting and taxation obligations orderly and timely.
What is an Assessment Year?
An assessment year is a financial year in which your income tax return must be filed with the government, like the GST return filing. It usually follows the financial year end of March 31 and runs from April 1 to March 31 of the following calendar year. The assessment year is used for calculating taxes due on earnings made during that particular financial accounting year. For instance, if the financial year ends March 31, 2024, then the assessment year would be 2024-2025.
Any income earned from April 1, 2024, to March 31, 2025, will be assessed for taxes due in the financial year ending on March 31, 2025. It's important to remember that all applicable taxes must be paid before the end of the financial year.
Suppose you have earned income in two financial years (one during the financial year end and one during the assessment year), then you may need to pay taxes on both incomes. Therefore, it's important to understand what your tax liabilities are for each financial year by keeping track of all earnings throughout the financial year and the Assessment Year.
What is the Difference between Financial Year and Assessment Year?
It's crucial to know the difference between the financial year and assessment year to assess the end of year financial checklist for your business and plan for the future.
Financial Year :
- The financial year end is the period when a business or individual's financial records are reviewed for the financial period, In India, it runs from April 1 to March 31.
- The financial year-end in India is March 31. This is when businesses and individuals close their accounts and prepare financial statements for the year ending on March 31. The income earned during this period is assessed for tax liabilities in the following assessment year.
Assessment Year :
- An assessment year, on the other hand, is the financial year in which taxes are assessed and collected. It follows the financial year.
- The assessment year is the 12-month period from April 1 to March 31. During this period, income earned in the previous financial year is reviewed, tax returns are filed, and any remaining tax liabilities are assessed and paid.
Understanding this difference is important to ensure taxes are paid on time and financial records are updated. It is also important for businesses to complete financial statements in accordance with the end of financial year guidelines.
Financial Year End Checklist for Business Owners
As a business owner, it's important to assess financial information at the end of every financial year. A checklist can ensure that you have reviewed all necessary financial documents and obligations for your business. To ease your stress, we have some pointers to keep in mind while making your year end checklist:
Review Financial Statements:
Reviewing financial statements such as balance sheets, income statements and cash flow statements to ensure accuracy is one thing you shouldn't skip from your financial year end sale.
Review Tax Obligations
Don't forget to assess your business's tax obligations, including Income tax, GST, TDS, payroll tax (if applicable), for lodging end of financial year returns. This way, you can make the most of the accounting year and financial year.
Review Accounts Receivable and Payable
Reviewing financial documents such as invoices, e-invoices, and payments is important. Accounts receivable represents the amount owed to a company by its customers for delivering goods or services that haven’t been paid for. Accounts payable is the amount your company owes to its suppliers or vendors for received goods or services that have not yet been paid for. Reviewing both is crucial for financial stability and success.
Review Inventory
Check inventory levels and financial records to assess stock movements and identify discrepancies. If you are running low on stock and surplus, you could decide on the next plan of action, inventory planning and order management, and find the flaws with the current process, if any.
Review Fixed Assets
Review financial documents, depreciation schedules and calculate the net book value of fixed assets.
Review Employee Benefits and Compensation
Assess financial documents for employee benefits, bonuses and compensation.
Review Business Insurance
Review financial documents to ensure appropriate insurance coverage is in place for the new financial year.
Review Bank Accounts and Credit Lines
Check financial records to identify any discrepancies between bank accounts and credit lines.
Once you have your checklist, you can take full advantage of the financial year end sale 2025 on Amazon. This sale is a god sent for business owners, entrepreneurs, organizations and companies to cash in the best and get exposed to much-awaited Amazon deals for business consumers.
Let's find out what the financial year end sale has to offer this year.
Purchase Of Fixed Assets for Business at the Financial Year End Sale
Are you a savvy business owner looking to upgrade your company's assets? This accounting year is the perfect time to take advantage of our Financial Year End Sale and invest in high-quality fixed assets at unbeatable prices. Whether you need new machinery, vehicles, or equipment, we've got you covered with a wide range of products.
The financial year end sale 2025 is the perfect opportunity for businesses to procure fixed assets and get a headstart on infrastructure upgrades. Here are some of the best offers lined up this year!
| Category | Discounts |
|---|---|
| Laptops | Up to 45% off |
| ACs, Coolers, and Fans | Up to 50% off |
| Office Products | Up to 65% off |
| Speakers and Headphones | Up to 50% off |
| Kitchen and dinning | Up to 70% off |
| Home needs | Up to 70% off |
| Television | Up to 55% off |
| Refrigerator | UP to 50% off |
Benefits of Financial Year End Sale For Businesses
1. Bulk discounts
As a business owner, you know how important it is to keep costs low and profits high. That's why our Financial Year End Sale offers bulk discounts on a wide range of products, from electronics to office supplies to industrial equipment. Buy in bulk and save big on your business expenses, all while getting the high-quality products to keep your operations running smoothly.
2. GST Invoice
It’s crucial to keep track of your expenses and file your taxes accurately. That's why we provide GST invoices for almost all purchases made during our Financial Year End Sale. Our invoices are clear, detailed, and compliant with all GST regulations, making it easier for you to manage finances and stay on top of your tax obligations.
3. Business Exclusive prices
We understand that, as a business owner, you need access to products that meet your specific needs and requirements. That's why our End of Year Ssale offers exclusive business prices, with discounts you won't find anywhere else. Get the products you need at prices that work for your budget, all while taking advantage of the quality and reliability that you expect from our brand. Create your free Amazon Business account today to find out.
4. Extra Cashback
Who doesn't love getting cash back on their purchases? During the sale, we're offering extra cashback to businesses that make qualifying purchases. That means you can save even more while getting the products you need to run your business.
5. Wide Selection
Our End of Financial Year Sale offers a wide selection of products, including electronics, office supplies, pantry items, furniture, and industrial equipment. With such a diverse range of products, you're sure to find what you need to keep your business running smoothly and efficiently.
How to Prepare for Financial Year End Sale?
This upcoming sale on Amazon Business has a lot to offer. Therefore, it is wise to ready yourself for the sale so you don't miss out on the chance to save big. Here are a few tips on how to do it:
● Make sure you have an active account. Sign in to ensure it’s up and running smoothly before the sale. If you don't have an account, Create your free account today to get exposed to great deals.
● Have your checklist ready before the sale, that way you could get quotes from the different vendors and identify your ideal match.
● Prioritize what your purchases and wiggle out more ways to buy in bulk to save extra on quantity discounts on Amazon Business.
● If you are a budding entrepreneur looking for exposure, become an Amazon seller and list your products before the sale occurs.
● Most importantly, have a budget in place for your purchases to analyze later how far or less has been spent around it.
● Make use of the compliance tools and business analytics tools on Amazon Business to study and review your past orders to do better and save more this time.
● Update your account. This means adding all the relevant members, setting your compliance and updating your bank details and shipping address before the sale.
● Get a Prime membership to enjoy early access to deals and shipping benefits during the sale.
● Keep checking the website or Amazon Business app daily for the latest offers and short-term deals to save more.
Why Choose Amazon Business?
Apart from this one of a kind end of year sale, Amazon Business has a lot in store for their buyers. Not only do we offer a wide variety of high-quality products from popular and reputable brands, but we also ensure they come with a GST invoice. We also offer other attractive benefits for our business users making it hard to turn away from us, like the following:
● We offer quantity discounts on bulk purchases
● We offer an easy return policy if you're not completely satisfied with your purchase.
● Our doorstep delivery ensures your package reaches your preferred location in a guaranteed time.
● Our business analytics and compliance tools come in handy while shopping to draw insights.
● We have special stores for wholesale beauty, office supplies, corporate gifting, gym equipment, laptop accessories, distance education, etc., so you find every associated purchase under one category.
● We cannot stress enough about our vast inventory ensuring products across categories or industries are available for your benefit.
● Business exclusive sales and events for business buyers to save more.
● Registered and verified vendors listing quality products with GST invoices
Whether you're looking to upgrade your electronics, revamp your workspace, or stock up on pantry essentials, we have your back. This year end, shop on Amazon Business and make the most of tax returns! So don't miss out on a chance to save big and get the products you need to succeed. Visit our Amazon Business today!
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