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Month End Accounting

oboloo Glossary

Month End Accounting

Month-end accounting is an important part of the business cycle, allowing companies to take stock of their financial health and make informed decisions about the future. It begins with the reconciliation of accounts to ensure accuracy and consistency, followed by the projection of accurate monthly figures and annual forecasts. Finally, it involves the review of all assets and liabilities, as well as any changes in company policies or regulations that could affect the bottom line. Month-end accounting should be seen as more than just a chore; it’s an opportunity for businesses to gain insight into their finances and plan for future success.

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