Financial Close Month End Close Checklist
Financial Close Month End Close Checklist
General Items
- Ensure compliance with accounting policies
- Perform a final review of all financial data
- Communicate any issues to upper management
- Archive and store financial documents securely
Pre-Close Activities
- Review preliminary financial statements
- Ensure all journal entries are posted
- Verify account reconciliations are completed
- Check for any outstanding invoices
- Confirm all accruals and deferrals are recorded
Close Activities
- Run the month-end close process in the accounting software
- Review and approve journal entries
- Finalize account reconciliations
- Prepare financial reports for management review
- Update the general ledger
Post-Close Activities
- Distribute financial statements to stakeholders
- Conduct post-close review meeting with team
- Analyze variances against budget and prior periods
- Document any significant findings or adjustments
- Prepare for the next month’s close
Generated from Panda Checklist
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