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The Accounting Cycle for a Small Business

Author: External Author | | Categories: Accounting Firm , Accounting Services , Small Business Accountant

The accounting cycle is a series of steps that companies take every accounting time period in order to manage their financial transactions. To follow the accounting cycle, you'll start by setting up your accounting system for the period. At the end of the accounting cycle, you'll be ready to close your books for the period and prepare for the next accounting period.

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Original Article Source Credits:   The Balance Small Business , https://www.thebalancesmb.com/

Article Written By:   ROSEMARY CARLSON

Original Article Posted on:  January 23, 2020

Link to Original Article:  https://www.thebalancesmb.com/the-accounting-cycle-for-a-small-business-392962