Remove Bookkeeping Remove Financial Statements Remove General Ledger Remove Petty cash
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The accounting cycle definition

Accounting Tools

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook What is the Accounting Cycle? These transactions are then aggregated at the end of each reporting period into financial statements. The cycle is also needed to produce financial statements.

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Chart of accounts definition

Accounting Tools

Related Courses Bookkeeping Guidebook New Controller Guidebook What is the Chart of Accounts? The chart of accounts is a listing of all accounts used in the general ledger of an organization. The chart is used by the accounting software to aggregate information into an entity's financial statements.