Unique Skill ID: ES932A5EE6AD7069CE61

Month-End Closing

Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts. An "income summary" account may be used to show the balance between revenue and expenses, or they could be directly closed against retained earnings where dividend payments will be deducted from. This process is used to reset the balance of these temporary accounts to zero for the next accounting period.

Read Full Description
This Skill is part of Lightcast Open Skills, a library of over 32,000 skills used by schools, communities, and businesses that has become the standard language.
Search for other skills
Account Analysis
Account Reconciliation
Accruals
Balance Sheet
Bank Reconciliations
Depreciation
Fixed Asset
General Ledger
General Ledger Reconciliation
Generally Accepted Accounting Principles

Month-End Closing Job Postings Data

Top Companies Posting

Job Postings Analytics Loading Spinner

Top Job Titles

Job Postings Analytics Loading Spinner

Job Postings Trend

Job Postings Analytics Loading Spinner

Live Job Postings

Job Postings Analytics Loading Spinner

Looking for more data on job postings?