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Month-end close checklist.
A practical sequence for turning transaction activity into reviewed financial information.
- Post or import all activity through the cutoff dateOwner: __________ Due: __________ Completed: __________
- Confirm bank, credit-card, loan, and merchant statements are availableOwner: __________ Due: __________ Completed: __________
- Record payroll, benefits, and payroll liabilitiesOwner: __________ Due: __________ Completed: __________
- Reconcile every bank and credit-card accountOwner: __________ Due: __________ Completed: __________
- Reconcile merchant deposits and clearing accountsOwner: __________ Due: __________ Completed: __________
- Review accounts receivable aging and unapplied paymentsOwner: __________ Due: __________ Completed: __________
- Review accounts payable aging and duplicate or old billsOwner: __________ Due: __________ Completed: __________
- Reconcile payroll liabilities, sales tax, and other balance-sheet accountsOwner: __________ Due: __________ Completed: __________
- Record accruals, prepaid expenses, fixed assets, and depreciation as applicableOwner: __________ Due: __________ Completed: __________
- Review revenue and expense classification for unusual itemsOwner: __________ Due: __________ Completed: __________
- Compare actual results with budget, forecast, and prior periodsOwner: __________ Due: __________ Completed: __________
- Review cash needs, collections, obligations, and open decisionsOwner: __________ Due: __________ Completed: __________
- Prepare the financial package and supporting schedulesOwner: __________ Due: __________ Completed: __________
- Document review notes, owners, and due datesOwner: __________ Due: __________ Completed: __________
- Lock or close the period according to company policyOwner: __________ Due: __________ Completed: __________