Monthend Accounting Procedures: Detailed step by step guide - Brossura

Libs FCCA, Sterling

Brossura

ISBN 10: 0993197760 ISBN 13: 9780993197765

Casa editrice: Straight Street Publishing, 2015

Riassunto

End-of-the-month accounting procedures, typically called month end close, are the tasks required to ensure that all of a small business’ financial records are balanced before the start of a new month. In most environments, a bookkeeper or accountant typically carries out these duties. Although end-of-the-month accounting procedures can be performed manually, computer software is commonly used to ensure accuracy and allow for ease of reporting. There are three key procedures that ought to be performed to successfully manage the end-of-the-month accounting process. These are:Corrections & Adjustments, Reconciliations and Reporting. 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 centre 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. This handbook uses illustrative examples from Sage 50 Accounts software).

Su questo libro

Informazioni sull?autore

Sterling Libs FCCA is a Chartered Certified Accountant and an author of more than five books on practical accountancy and on how to succeed as an accounting professional. He owns an accounting firm based in Canary Wharf London and has been very instrumental in helping thousands of accounting students, graduates and lots of experienced accounting professionals from other countries outside the UK to understand the UK accounting job market & how to successfully secure accounting jobs. Sterling also owns a recruitment agency specialising in accounting & finance jobs. He is a business consultant, mentor and a really very inspiring person.

Dettagli dell?edizione

• Editore: Straight Street Publishing
• Data di pubblicazione: 2015
• Lingua: Inglese
• ISBN 10: 0993197760
• ISBN 13: 9780993197765
• Rilegatura: Copertina flessibile
• Numero di pagine: 62
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile