month-end closing
Definition
An accounting procedure undertaken at the end of the month to close out the current posting period. It is part of a company's closing operations. Types of accounting procedures addressed in month-end closing can include depreciating fixed assets, reconciling inventory discrepancies, settling work in progress material, posting billing documents, and payroll. See also day-end closing, year-end closing.
month-end closing is in the Accounting & Auditing subject.
month-end closing appears in the definitions of the following terms: day-end closing, year-end closing and closing operations
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