Month-end closing

Month-end closing,

Definition of Month-end closing:

  1. An accounting procedure undertaken at the end of the month to close out the current posting period. It is part of a companys 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.

Meaning of Month-end closing & Month-end closing Definition