The end of the year has its own meaning for each of us. It’s the time when we start summarizing everything we achieved, failed or succeeded. Although for some of us, especially for small business owners, the end of the year and the reduction of all accounts and financial work is a real headache. In order to make it easier for you and help you better understand the subject, we will explain the meaning and application of an unavoidable term when it comes to managing finances.