- Start Accounting Cycle
- Analyze Accounting Transactions
- Post Accounting Transactions
- Prepare unadjusted trial balance
- Adjust
- Prepare adjusted trial balance
- Prepare financial statements
- Close
- Prepare post-closing trial balance
- Repeat Accounting Cycle
The accounting cycle is the method accountants use to keep track of the financial situation of a company. The financial reports will be correct and accurate if the accounts have been analyzed correctly, events have been posted correctly and the accounting equation remains balanced.

