All about the accounting cycle!

The steps to the accounting cycle

1. Analyze the transactions

2. Journalize

3. Post

4. Prepare work sheet

5. Prepare financial statements

6. Journalize adjusting and closing entries

7. Post adjusting and closing entries

8. Prepare post-closing trial balance

Whats the accounting cycle?

The name given to the collective process of recording and processing the accounting cycle of a company.

The Accounting Cycle