Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How are monthly closing of accounts done?

Monthly Close Accounting
user-image
Question added by Deleted user
Date Posted: 2015/12/30
Upvote (0) Views (3) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Muthuveeran Udayacchandramohan
by Muthuveeran Udayacchandramohan , Assistant Manager-Finance , VECV Lank Pvt Ltd. (A Volvo Group and Eicher Motors joint venture )

Record daily operational financial transactions,

Reconciliation of accounting system modules/subsidiary ledgers,

Record monthly journal entries / Provisions

Review of Revenue & Expense Accounts

Reconciliation of Balance Sheet Accounts

Prepare Financial Statements

Management review             

 

Close accounting systems for the month

Write Your Answer
More Questions Like This