In this article, I explore five key strategies that your finance and accounting departments can employ to help navigate a recession. 1. Reevaluate All Spend, And Prioritize Accordingly ...

The accounting cycle is an eight-step process that accountants and business owners use to manage a company’s books. Learn more about it in our guide.

At the end of an accounting period, ... Closing entries is the last step in the accounting cycle. Neglecting to perform this step will lead to an inaccurate financial picture for the business.