Keeping your financials up to date is essential for any nonprofit, which is why it’s important to keep up with closing procedures in your accounting at the end of each month. Whether your organization is just starting or is years old, doing month-end closing procedures in your accounting can help make things much easier in the long run.
During any given month, you track expenses, income, donors, fund balances, bank transfers, and more. To make sure everything is accounted for accurately, you’ll want to perform some closing procedures each month. We’ll go over some of those tasks in this video. Although we will demonstrate these bookkeeping tasks using Aplos, they are applicable regardless of the system you use.
In this session, you will:
- See how to perform a bank reconciliation to confirm the accuracy of your accounts
- Understand how to investigate and solve discrepancies in your books
- See how to generate month-end reports for your board
- Learn other helpful tasks to complete at the end of the month
To follow along with the video, try Aplos Software for free. It’s accurate and efficient. You’ll see how Aplos can help simplify your bookkeeping so you can spend less time doing administrative work and more time focusing on your mission.