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Closing the Books with Confidence
Watch the full episode: https://youtu.be/a012PmJVfFE
In this spotlight from episode 376 of Stories from the River, Charlie Malouf and Sara Callahan take a closer look at the process of closing Broad River Retail's books and ensuring financials are accurate and reliable. They walk through the eight-day closing process, from collecting data and estimating outstanding expenses to reviewing balance sheet accounts and preparing for audits.
The conversation also breaks down the relationship between the balance sheet and income statement, using an everyday example to make these important financial…
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