De boekhoudcyclus

The accounting cycle is a structured process businesses follow to record, process, and report financial transactions for an accounting period.
It is influenced by business type, transaction volume, management’s needs, and regulatory compliance.
For example, consider a day at Sweet Tooth Bakery, which records daily transactions. 
Each cash sale is recorded in the journal using the cash receipt as the source document.
Next, the transaction is posted to the general ledger, updating accounts such as sales revenue, and cash.
Then, an unadjusted trial balance is prepared to check that debits and credits are in balance. Next, adjusting entries are made for accrued expenses, such as oven depreciation and unpaid wages.
Then, an adjusted trial balance is prepared to ensure accuracy before generating the income statement, balance sheet, and cash flow statement.
Finally, closing entries reset temporary accounts, preparing for the next cycle. 
The process concludes with a post-closing trial balance, ensuring only permanent accounts remain open.