Month-End Close Checklist | Free Tool

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Review and send outstanding invoices

Reconcile AR aging report to general ledger

Record and apply customer payments received

Review and assess overdue accounts

Process and code all vendor bills and receipts

Reconcile AP aging to general ledger

Review and approve payments for the period

Accrue any uninvoiced expenses

Reconcile all bank accounts to statements

Reconcile all credit card accounts to statements

Investigate and clear outstanding items

Post payroll journal entries

Reconcile payroll liability accounts

Review and approve employee expense reports

Review prepaid expenses and amortize as applicable

Review deferred revenue and recognize appropriately

Reconcile fixed assets and post depreciation

Review intercompany accounts if applicable

Review income statement for unusual items or variances

Confirm balance sheet balances and tie to prior period

Prepare and distribute financial reports to stakeholders

Our outsourced accounting service covers the full month-end close, delivered on time each month.