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Statewide Fund Accounting Phone: (907) 4508063 Fax: (907) 4508071209B Petrovich Building 910 Yukon Drive PO Box 756540 Fairbanks, AK 997756540May 17, 2023 To:Luke Full, Julie Queen, Michael Cirri,

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How to fill out fiscal year end closing

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Review all financial transactions for the year

02

Ensure all income and expenses are accurately recorded

03

Run financial reports to analyze the company's financial performance

04

Make any necessary adjustments or accruals

05

Close out the fiscal year by preparing final financial statements

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What is fiscal year end closing?

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

Who is required to file fiscal year end closing?

All companies and organizations that operate on a fiscal year basis are required to file fiscal year end closing.

How to fill out fiscal year end closing?

Fiscal year end closing is typically filled out by the accounting department of a company, following standard accounting procedures and guidelines.

What is the purpose of fiscal year end closing?

The purpose of fiscal year end closing is to accurately report the financial performance and position of a company at the end of its fiscal year.

What information must be reported on fiscal year end closing?

Fiscal year end closing typically includes reporting of revenues, expenses, assets, liabilities, and equity of a company.

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