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Home NonprofitNonprofit AccountingLessons Month-End Closing Checklist

Month-End Closing Checklist

by Alex Acree

Because the end of the month is a hectic time in any back office, a monthly checklist can help ensure all financial transactions that affect your bottom line are accounted for. Setting a deadline for the month-end close helps too. For example, you would regularly close the month and run reports by the fifth 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. Completing some of these tasks may initially seem like a chore, but having them as part of your routine will help you immensely in the long run. Your organization will run smoother and more efficiently when you finish the tasks on the checklist for the end of each month.

Below is a checklist to help your accounting month-end process go smoothly. Feel free to edit it as necessary to make it your own, based on the needs of your organization. Then implement it as part of your standard month-end accounting procedures.

MonthEndAccountingChecklist

For further assistance, check out our recorded webinar on monthly closing procedures. The suggestions in the video are helpful and applicable regardless of the accounting system you use.

Good luck, and always consult a CPA or trusted professional if you need tax or accounting advice.

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3 comments

How To Set Up a Chart of Accounts - 5-Day Nonprofit Accounting Email Course - Aplos Academy March 19, 2018 - 2:44 pm

[…] end close helps too (for example, close month and run reports by the 5th of the following month). Here is a checklist of all the tasks to get finished when closing out your bookkeeping each […]

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Church Bookkeeping Day-to-Day Tasks - Aplos Academy March 30, 2018 - 10:13 am

[…] end close helps too (for example, close month and run reports by the 5th of the following month). Here is a checklist of all the tasks to get finished when closing out your bookkeeping each […]

Reply
Terry Pious Pereira November 21, 2018 - 11:28 pm

To,
Sir Alex Acree, Aplos, USA.

Most Respected Sir,

Thanks to your rhyming wordsmith. All facts mentioned briefly so
please kindly reread every topics thrice in my RESEARCHED DATA.
May survey my Data and do it as to PLAYGROUND POVERTY DONAT-
IONS.” I agreed to give all Steward Donors my Office CPA on 5th every
month into three groups – i) SNB Interest Sheet. ii) Poverty Fixed Deposit
Sheet direct from Gov Banks. iii) Team Staffs Salary Sheet.

TRILLION THANKS!

Yours most obediently,
Terry Pious Pereira ( S/o War Veteran ), INDIA.

________________________________________________________

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