The eight-step accounting cycle is important to know for all types of bookkeepers. It breaks down the entire process of a bookkeeper's responsibilities into eight basic steps.

8 steps of the accounting cycle. The exact steps of the accounting cycle may vary according to a company’s unique needs. However, the following process for tracking activity and creating financial ...

A common accounting cycle in any given business often has nine or 10 steps, depending on the procedures outlined by the given accounting department.

How Does Each Step of the Accounting Cycle Affect the Next?. The accounting cycle takes accountants through ten distinct steps, each of which depends on information generated in the previous step.