Remove Account Reconciliation Remove Accruals Remove Expense Reports
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What is Payroll Accounting & How to automate it?

Nanonets

Payroll accounting follows the matching principle under accrual accounting. This regulation requires that expenses be recorded in the same period as corresponding revenue. To follow the matching principles, businesses record payroll expenses to the accrual account until those items are paid out of the checking account.

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11 Key Items for a Month-End Close Checklist (Free Template)

Jetpack Workflow

11 Key Month-End Tasks to Include in Your Checklist A period-end process refers to the end of every accounting period, monthly or annual, when a business generates financial reports to help analyze its financial health. For this to happen, it must organize and perform account reconciliations for the period.