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Accounting Knowledge: Closing Accounts

2010/12/20 17:14:00 43

For a period of time (such as year).

quarter

Monthly)

whole

The regular collection, sorting and summing up of economic business and corresponding financial revenue and expenditure is checkout.

Each unit must make regular checkout work according to the relevant regulations.

The following tasks should be done:

(1) it is necessary to make clear that all business operators in the settlement period must be accounted for, and they must not delay the payment in advance.

(2) the profits, accrued depreciation, amortization, accrued expenses and payable taxes and fees that have been realized and not yet obtained by the enterprise shall be calculated according to the accrual basis principle, and the accounting bookkeeping vouchers shall be worked out and recorded in the relevant books.

(3) for all kinds of expenses and income accounts, the balance should be carried out between the accounts concerned.

For example, the final balance of the "manufacturing expenses" account should be allocated at a certain proportion and pferred to the "production cost" account. The final balance of the relevant accounts, such as "main business income", "main business cost", "main business tax and additional", "management expenses", "investment income" and "financial cost", shall be pferred to the "profit account".

(4) for the cash journal, bank journal, general ledger and detailed accounts, the amount of the current period and the final balance are recorded.

There are two ways to settle accounts:

1. months checkout

Monthly checkout is based on one month's closing period, and the end of each month is a summary of the economic business of the month.

At the end of each month, a checkout method should be used to settle accounts, that is to say, "the sum of the current period" and "the final balance" in the next row of the last account of each account.

If there is no balance at the end of the month, it should be marked "flat" in the loan or loan column, and a "red line" should be drawn after "0" in the balance column.

Accounts for the cumulative amount incurred in the current year.

The cumulative amount from the beginning to the end of this month should be calculated monthly and registered on the next line of the month. The words "accumulated in this month" should be specified in the "column".

2. years checkout

Annual checkout is based on a year's cycle and summarizes the economic performance and results of the year.

At the end of the year, the cumulative amount of the whole year will be registered in the next line of the total number of December. The words "total year" will be marked in the "summary" column, and a double red line will be drawn below.

For a balance account, the balance should be settled for the next year in the "summary" column of the next line.

Mark

The word "carry over to next year".

In the column of "summary" of the first line of the new account page of the new year, the word "carry over year ahead" is marked, and the remaining amount at the end of last year is filled in the "balance" column.