A Comprehensive Checklist for Closing the Fiscal Year

Mastering the Art of Year-End Accounting: A Comprehensive Checklist for Closing the Fiscal Year

Also known as “closing the books,” year-end closing is the process of reviewing, reconciling, and verifying that all financial transactions and aspects of the company ledgers from the past fiscal year add up. This involves calculating the business expenses, income, revenue, assets, investments, equity, and more. What is the year-end close? The goal is to […]