What Are the Steps in a Standard Monthly Accounting Closing Cycle?

Author: External Author | | Categories: Accountant , Accounting , Tax Planning

The accounting process can differ slightly from one business to another based on variances in the chart of accounts, revenue and expense recognition, and cost center breakdown. Despite these differences, the overall monthly closing process is the same. Following the same standard procedures to close the books each month will help ensure consistent and accurate reporting.

Original Article Source Credits:   Chron , https://smallbusiness.chron.com/

Article Written By:  Tara Kimball

Original Article Posted on:  NA

Link to Original Article:  https://smallbusiness.chron.com/steps-standard-monthly-accounting-closing-cycle-24845.html

CLICK HERE TO READ THE FULL ARTICLE »



READ MORE BLOG ARTICLES

Top
Back to top of page