Could you please explain to me what is mainly involved or what are the most common procedures for Month and Year End carried out by an accounts department? All this studying and learning and i have still no clue what is expected to carry out a Month End, i expect to work out accruals and prepayments and balance off accounts to give me the months figures but is there some sort of check list of things to do? Theres no mention in any of my books and before i google i thought i'd get a clearer explanation from here.
Ta as always
Neil
-- Edited by Spamkebab on Sunday 27th of November 2011 07:05:42 AM
More often than not, it depends on the company you are working for as to what they require. Everywhere I've worked have asked for different things, but most commonly I've had to provide a list of creditors and debtors, and a bank rec. I've also done monthly balance sheets, P&L, etc.
