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2. FISCAL YEAR END CLOSING COLANDER. DATE. INSTRUCTIONS. SECTION. June. 03. Distribution of Lease Income Report. P. 04. Distribution of Lease ...

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What is fiscal year end closing?

Fiscal year end closing is the process of finalizing a company's financial statements at the end of its fiscal year.

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All companies, including corporations and partnerships, are required to file fiscal year end closing.

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Fiscal year end closing is typically completed by a company's accounting department or external accounting firm.

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The purpose of fiscal year end closing is to accurately report a company's financial performance and position for the fiscal year.

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Financial statements, including balance sheet, income statement, and cash flow statement, must be reported on fiscal year end closing.

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