# Accounting cycle

> Accounting cycle — The loop a period of books runs through: record transactions as entries, post them, prove the trial balance, adjust, prepare the statements, close.

Source: https://lopifi.com/glossary/accounting-cycle
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is accounting cycle?** In accounting, accounting cycle means the loop a period of books runs through: record transactions as entries, post them, prove the trial balance, adjust, prepare the statements, close.

## Words this system refuses for it

- month end alone
- the close (the last stage, not the loop)

- **Category:** Foundations
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** trial-balance, period, close