The end of the month is a hectic time in any back office. A monthly checklist can help ensure that all financial transactions that affect your bottom line are accounted for. Setting a deadline for the month end close helps too (for example, close month and run reports by the 5th of the following month).
There are the usual day to day dealings to post, but there are also several unique transactions that only get posted on a monthly or quarterly basis that need to be accounted for.
Here’s a monthly closing list to help your accounting month end process go smoothly. Be sure to edit it as necessary to make it your own. Then implement it as part of your month end accounting procedures:
For further assistance, check out Alex’s pre-recorded webinar on “How to Complete a Month-end Closing.”
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