12 steps of an accounting year-end

The 12 steps of an accounting year-end closing

  • 1
    Check the balances of the bank accounts, the postal account, the credit cards, PayPal and the cash register as of 31.12.2017
  • 2
    Control account statements by account
  • 3
    Make the inventory
  • 4
    Calculate and record depreciation
  • 5
    Booking of accounts receivable/payables as of 31.12.2017
  • 6
    Booking of transitory accounts
  • 7
    Make profit/loss booking: LINK
  • 8
    Print the balance sheet at 31.12.2017 (2 times)
  • 9
    Print the income statement from 01.01.2017 to 31.12.2017 (2 times)
  • 10
    Sign the printed documents twice
  • 11
    Print account statement by account
  • 12
    Enter the blocking date

Have an enjoyable accounting!

Do not forget that the EZYcount support team is at your disposal.

Almina Jonuzoski
 

Almina is community and marketing coordinator. She has experience in content creation and social media marketing and also strong technical background. Almina is passionate about travel, science, and other lifestyle topics.

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