The Accounting Cycle!
8 Steps to Success
LET'S BEGIN! :D
STEP TWO: Journalizing
STEP THREE: Post
Process of copying either summary-level or detailed entries in an accounting journal into the general ledger. Posting may be done at any time, in batches, or at the end of an accounting period.
STEP FOUR: Prepare Work Sheet
An accounting worksheet is designed to assist in closing out the books.
An accounting worksheet is a ledger sheet that lists all the balances of each account a business has on a certain date. An accounting worksheet is done at the end of an accounting period, and it is used to make adjustments to accounting entries, to close entries and finally to prepare financial statements.
STEP FIVE: Prepare Financial Statements
STEP SIX: Journalizine Adjusting & Closing Entries
STEP SEVEN: Posting Adjusting & Closing Entries
STEP EIGHT: Prepare Post-Closing Trial Balance
YOU ARE DONE! :)
Here's a tutorial: