Closing period part 1

Place: office
Period: Closing account

Now, we have to key in all the payment voucher,PV in the account system. Make sure the PV is complete with invoice and signature before we file them. Then, check again our cash book, are they tie? No. So, we have to create Journal Voucher,JV. Make sure the double entries are correct and the supporting is right. Check again, is cashbook tied? Ok.

Next, the placement. How about the placement? Are the figures updated? Is the interest increased? Have we received the statement? For now, nothing is changed. The placements are maintain but the interest is increased. For the Closing period, we have not receive any statement from the bank. So, send them email to capture the figures.

Ok we are almost done. This is part one. Next part? To be continued.

Happy working, accountant!