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USPS CALENDAR YEAR-END 2014 CLOSING PROCEDURE AGENDA 1. Pre-W2PROC OSI/CCA/RITA NC1 2. Month-end closing ODDS ARTIST BARCLAY 3. W2 processing W2 Balancing W2PROC 4. Common W2PROC Messages 5. W2 Instructions

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What is month-end closing?

Month-end closing is the process of completing financial activities and preparing financial reports at the end of each month.

Who is required to file month-end closing?

Businesses and organizations that follow accrual accounting principles are required to file month-end closing.

How to fill out month-end closing?

Month-end closing involves reconciling accounts, adjusting entries, reviewing financial statements, and preparing financial reports.

What is the purpose of month-end closing?

The purpose of month-end closing is to ensure the accuracy of financial records, assess the financial health of the business, and make informed business decisions.

What information must be reported on month-end closing?

Information reported on month-end closing includes income statement, balance sheet, cash flow statement, and supporting schedules.

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