CHAPTER17
Closing Your Books and Other Accounts
In This Chapter
- Tasks to perform at the end of each month
- Working with the trial balance
- Finding errors in your account balances
- Tasks to perform at the end of each year
Larger businesses have dedicated employees who review and close the books each month, but even the smallest of businesses need to review the books at least monthly. As you’ll see in this chapter, users sometimes try to fix one problem in their books and inadvertently cause another problem. Even the most mindful of users can distractedly enter the same transaction twice, for example. The sooner you catch mistakes in your accounting ...
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