Post Closing Trial Balance

The Post-Closing Trial Balance is a summary of a company’s accounts after closing entries have been made at the end of an accounting period. It ensures that all temporary accounts, such as revenues and expenses, have been closed and only permanent accounts remain. This balanced statement provides a foundation for the subsequent accounting period, serving as a starting point for accurate financial reporting.

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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Enterprise Receivables Management System to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.

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