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.

Every bookkeeper should know the eight basic stages that split up a bookkeeper’s work process. While some of the steps in the accounting cycle have been automated thanks to advanced technologies ...

A typical accounting cycle has eight steps: New transactions, journal entries, posting, trial balances, worksheets, journal entry adjustments, financial statements, and closing the books.