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Accounting All-in-One For Dummies, with Online Practice, 2nd Edition
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Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

by Joseph Kraynak
April 2018
Beginner content levelBeginner
768 pages
20h 9m
English
For Dummies
Content preview from Accounting All-in-One For Dummies, with Online Practice, 2nd Edition

Chapter 4

Reconciling Accounts and Closing Journal Entries

IN THIS CHAPTER

check Monitoring accounts and making adjustments

check Confirming that your journals are correct

check Gathering journal information for closing

check Posting adjustments to the general ledger

check Examining your journals in a computerized system

As the old saying goes, “The devil is in the details.” When it comes to your bookkeeping, especially if you keep your books manually, those details are in the accounts and journals you keep. And any errors in those tiny details can lead to big problems down the road. To ensure accuracy, you must reconcile your accounts and prove out your journals and close them at the end of an accounting period, which is what this chapter is all about. Within these pages, you also find out how to post all corrections and adjustments to the general ledger after you make them in the appropriate journal. (To find out how to set up your journals, see Book 1, Chapter 3.)

Reconciling Bank Accounts

Reconciling bank ...

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Publisher Resources

ISBN: 9781119453895Purchase book