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Period End Acounting Functions

Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated. The types of GL accounts that are adjusted at the end the account period include:

Read more at Suite101: Accounting 101 – Adjusting and Closing Entries: Month End Financial Statement and General Ledger Adjustments http://accounting.suite101.com/article.cfm/accounting_101_adjusting_and_closing_entries#ixzz0lwZ4iBYb
 
Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated. The types of GL accounts that are adjusted at the end the account period include:

Read more at Suite101: Accounting 101 – Adjusting and Closing Entries: Month End Financial Statement and General Ledger Adjustments http://accounting.suite101.com/article.cfm/accounting_101_adjusting_and_closing_entries#ixzz0lwZ4iBYb
 
Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated. The types of GL accounts that are adjusted at the end the account period include:



Read more at Suite101: Accounting 101 – Adjusting and Closing Entries: Month End Financial Statement and General Ledger Adjustments http://accounting.suite101.com/article.cfm/accounting_101_adjusting_and_closing_entries#ixzz0lwZ4iBYb
 

Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated. The types of GL accounts that are adjusted at the end the account period include:



Read more at Suite101: Accounting 101 – Adjusting and Closing Entries: Month End Financial Statement and General Ledger Adjustments http://accounting.suite101.com/article.cfm/accounting_101_adjusting_and_closing_entries#ixzz0lwZ4iBYb
 

Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated. The types of GL accounts that are adjusted at the end the account period include:

Read more at Suite101: Accounting 101 – Adjusting and Closing Entries: Month End Financial Statement and General Ledger Adjustments http://accounting.suite101.com/article.cfm/accounting_101_adjusting_and_closing_entries#ixzz0lwZ4iBYb
 
Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated. The types of GL accounts that are adjusted at the end the account period include:

Read more at Suite101: Accounting 101 – Adjusting and Closing Entries: Month End Financial Statement and General Ledger Adjustments http://accounting.suite101.com/article.cfm/accounting_101_adjusting_and_closing_entries#ixzz0lwZ4iBYb
 

Certain general ledger (GL) accounts need to adjusted at the end of the accounting period. In most small businesses the accounting period is at the end of each month and at the end of the fiscal year. Normally adjustments are made after the initial trial balance is created. Once the trial balance is proven, the adjusting entries are posted and the trial balance is reformulated.

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