Podcast

• Cleaning up messy books

• Closing the Books, Part 1: General concepts

• Closing the Books: Part 2: Tasks to complete early

• Closing the Books: Part 3: More tasks to complete early

• Closing the Books: Part 4: Centralizing accounting

• Closing the Books, Part 5: Streamline the financials

• Closing the Books: Part 6: Journal entry improvements

• Closing the Books: Part 7: Payables improvements

• Closing the Books, Part 8: Inventory record accuracy

• Closing the Books, Part 9: Payroll improvements

• Closing the Books, Part 10: Billing improvements

• Fast close for a public company

• Financial statement controls

• Intercompany eliminations

• Predecessor and successor financial statements

• Presenting the financial statements

• Shipment cutoff best practices

• The soft close

• The year-end book

Basic Closing Issues

• Accounts that are closed at year end

• Closing entries

• Closing entries | closing procedure

• How to prepare a balance sheet

• How to prepare a cash flow statement

• The difference between adjusting entries and closing entries

• The difference between adjusting entries and correcting entries

• Year-end adjustments

Advanced Closing Topics

• Automate the cutoff

• Fast close metrics

• Intercompany accounting

• Intercompany eliminations

• Standardize the chart of accounts

• The public company close

• The soft close

• The virtual close

Related Definitions

• Cutoff date

• Fiscal quarter

• Fiscal year