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- The month-end close process involves the following steps12:
- Collect all financial information.
- Verify and reconcile the data.
- Assess fixed assets.
- Make financial statements.
- Conduct a final review.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.What are the steps in the month-end close process?
- 1. Collect all financial information The first step in the month-end closing process is to collect all the relevant financial information. ...
www.highradius.com/resources/Blog/what-is-mont…The month end closing process is a procedure that accounts for all of the previous month’s financial transactions. Your accounting team reviews, records, and reconciles all relevant account information. The exact nature of the month end close process varies from business to business.
www.freshbooks.com/hub/bookkeeping/month-end … - People also ask
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