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147 months ago

Bettina (a guest user) asked this question:

This question has already been answered and rated. Therefore, no new answers can be given.

147 months ago

lamadrilena   wrote:

Close accounts

147 months ago

lamadrilena   wrote:

close out accounts at year-end

My comment:

What is year-end closing? definition and meaning
www.businessdictionary.com/definition/year-end-closing.html‎
Definition of year-end closing: An accounting procedure undertaken at the end of the year to close out business from the previous year, carry forward balances ...
Year-end closing procedures for General Ledger in Microsoft ...
support.microsoft.com/kb/888003‎
Microsoft Corporation
During the year-end closing routine, all the records that will be moved are put in a temporary table before they are moved to the GL30000 table. You must have ...
About closing your books at year-end - QuickBooks Support
support.quickbooks.intuit.com/.../Year_End.../task_closeboo...‎
QuickBooks
You can choose whether to close your books at the end of the year or not. Q

The asker rated this answer best

147 months ago

Margarita Viada   wrote:

cut off

My comment:

At the end of each fiscal year, the company accounts must be cut off, and financial statements be prepared and disclosed.

147 months ago

Margarita Viada   wrote:

settle and clear all accounts

147 months ago

Margarita Viada   wrote:

close the books

My comment:

IMO :)

147 months ago

Claude Le Frapper   wrote:

close the books

My comment:

IMO :)

147 months ago

HRP   wrote:

financial statement or financial report

My comment:

It is a balance sheet, or annual report that summarizes an organization's financial condition.

147 months ago

Víctor Zamorano   wrote:

Pay bills???

My comment:

isn't good Spanish, "cuentas" (bills) can't be "cut", as far as I know. So I'm not sure if that means what I suppose, i.e., pay the bills.