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hey guys welcome back to another video before i close the books and issue financial statements there is a series of steps that i take as a corporate controller to make sure that the all of the business transactions are captured on the financial statements and in this video i wanted to create a comprehensive guide of all of the steps all the things you have to visit before you go ahead and issue financial statements with confidence [Music] hey guys welcome back to another accounting lecture bill hannah here in todays video well be focusing on period and closing or closing the books and what it means to close the books and generate financial statements and if you go back in time when accounting was done in actual physical paper and columnar pages closing the books literally meant that you entered all of your expenses and all your revenue and youre ready to literally take the book and actually close it right but what we say today when we say close the books what we mean is that your bo
