A step-by-step guide to the accounting cycle | Run your business
Learn more about the accounting cycle: https://intuit.me/38JHyoY
The accounting cycle, also known as the bookkeeping cycle, helps create accurate accounting data that are crucial to running your small business. It essentially ensures that all the money passing through your business is accounted for. In this video, Astrid Daniela Galvez (QuickBooks ProAdvisor and Tax Specialist) gives a brief overview of all the materials you need to document and track for your accounting cycle.
00:00 – Introduction
01:14 – What is the accounting cycle?
01:32 – Why is the accounting cycle important?
01:59 – How to use the accounting cycle
02:21 – Stages in the accounting cycle
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