Need help accountants!

  1. Hello, i'm doing an assignment and i come across the term to fireproof your balance sheet? what does that means? I'm so :confused1: and have no idea how to tackle the question because of this term! Many thanks !!!! :tup:
     
  2. I haven't heard of that specific term either but I would think its pertaining to safeguarding your data, particularly when you're closing out monthly, quarterly, or the year.
     
  3. lol i've looked it up and apparently it doesnt mean that. Anyway thanks!I'm so confused and feels like giving up searching
     
  4. I used to be an accountant and I don't recall ever hearing that term. Of course most of what I did in the real world was totally different from what I learned in classes at school, and I graduated in '93, so that was a while ago.