To Close The Books

How To Close The Books For an Accounting Period? in 2023

Accounting Questions, BookkeepingLeave a comment

As a business owner, you must understand that record-keeping of revenues, expenditures, and net profits is crucial for your company’s optimal financial health. In other words, maintaining the books is an important responsibility of an accountant or a business owner. You must close the books periodically, which in simpler terms refers to balancing the income…