Closing Routine YEAR-END CLOSING At the end of the calendar year, the procedure for a monthly closing should be followed and a financial statement prepared and distributed as usual. If the monthly closing routine is effectively handled and all regular month-end adjustments are booked, this financial statement will reflect the financial condition of the dealership Read more about Year-End Closing[…]

Closing Routine MONTHLY CLOSING At the end of each month, accounting records must be closed and a financial statement must be prepared. As a management tool, it must be prepared on time to reflect the financial condition of the dealership and the operational results for the month and year to date. The accuracy of the Read more about Monthly Closing[…]

Closing Routine Monthly Closing Year-End Closing