How do you close a year end in accounting?
How do you close a year end in accounting? Your year-end accounting checklist: Prepare a closing schedule. Gather outstanding invoices & receipts. Review asset accounts. Reconcile all transactions. Close out accounts receivable and payable. Accrue accounts receivable. Accrue accounts payable. Adjust grants and entitlements. Why do companies have to do month-end year end closing of […]