There are several steps in accounting that must be initiated before preparing financial statements.
What are the 8 steps in making financial statements?
1. Journalize
2. Post to the ledger
3. Prepare unadjusted trial balance
4. Adjusting entries.
5. Presenting company adjusted trial balance at year end.
6. Prepare financial statements.
7. Perform year-end closing entries.
8. Present after-closing trial balance
Tags: 8 steps in accounting, Accounting