The 10 steps of the Accounting Services in Knoxville cycle are: 1. Identify and analyze transactions, 2. Record transactions in a journal, 3. Post journal entries to the general ledger, 4. Prepare an unadjusted trial balance, 5. Make adjusting entries, 6. Prepare an adjusted trial balance, 7. Generate financial statements, 8. Record closing entries, 9. Prepare a post-closing trial balance, and 10. Analyze and review (or record reversing entries).