What do you mean by closing the account at the end of the fiscal year?

The government's closing at the end of the year means:

1, make final accounts at the end of the year, see how much you spent this year, make a list and report it to the finance department. In the process of calculating big accounts, according to them, one is afraid of making mistakes, and the other is afraid of blocking the interference of trivial matters. The other is that you can't recalculate the new account while closing the account, so you have to close the account.

2, in fact, it is computerized now, although the report has little impact. In addition, the finance department treats people who submit accounts differently.

Extended data:

Operation method of year-end closing:

The closing procedures and methods stipulated in the Basic Accounting Work Standard are as follows:

(1) Before closing the account, all economic transactions that occurred in the current period must be registered.

(2) When closing the account, the ending balance of each account shall be listed. If it is necessary to settle the amount incurred in the current month, the words "Total in the current month" should be marked in the summary column, and a red line should be drawn in the lower column.

If it is necessary to bear the accumulated amount of the current year, the words "accumulated in the current year" shall be indicated in the summary column, and a red line shall be drawn in the lower column; At the end of 12, the "accumulated amount of this year" is the accumulated amount of the whole year, and a double red line should be drawn under the accumulated amount of the whole year. At the time of year-end closing, all general ledger accounts should bear the annual cumulative amount and year-end balance. ?

Baidu encyclopedia-year-end checkout