General Ledger Accounting Cycle
Below are the steps for the Accounting Cycle of GL
1. Open period
2. Create/reverse journal entries
3. Post
4. Review
5. Revalue
6. Translate
7. Consolidate
8. Review/correct balances
9. Run accounting reports
10. Close accounting period
We will study each step in coming posts... :)
Below are the steps for the Accounting Cycle of GL
1. Open period
2. Create/reverse journal entries
3. Post
4. Review
5. Revalue
6. Translate
7. Consolidate
8. Review/correct balances
9. Run accounting reports
10. Close accounting period
We will study each step in coming posts... :)
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