In the general ledger system, the final accounts business processing mainly includes final accounts transfer business, reconciliation, trial calculation, bookkeeping, closing and preparation of final accounts statements.

The business at the end of the accounting period means that accountants will register all the daily economic business that happened after this month in their accounts, and they need to complete some specific accounting work at the end of each accounting period.

Extended data:

Description of financial accounting closing business:

1, at the end of the month, the amount of various financial accounting subjects will be transferred to the "current account surplus" subject.

2. At the end of the year, transfer the balance of current account surplus to the current account surplus distribution account.

3. At the end of this year, if the surplus extracted from the special fund is not financial allocation, or the operating balance of that year meets the relevant provisions, the calculation of the extraction amount will be transferred from the "surplus distribution of this year" in the budget accounting to the "special fund".

4. After the special funds are withdrawn at the end of the year, the balance of "this year's surplus distribution" is transferred to the subject of "accumulated surplus".

5. At the end of the month, transfer the balance of "previous year's earnings adjustment" to the "accumulated earnings" account.

6 at the end of the year, the balance of "free transfer of net assets" will be transferred to the subject of "accumulated surplus".

References:

Baidu Encyclopedia-Final Account Business