A month-end close should prove the numbers—not just print the reports.

A dependable close ties financial statements back to source records and documents material estimates or unresolved items.

Core close sequence

1. Confirm bank, credit-card and merchant activity is recorded.
2. Reconcile cash, credit cards, loans and balance-sheet accounts.
3. Review receivables, payables and unapplied balances.
4. Reconcile payroll liabilities and payroll-to-GL postings.
5. Record approved accruals, deferrals and adjustments.
6. Review unusual balances and large variances.
7. Issue statements with a documented exceptions list.

Consistent close checklists reduce reliance on memory and make review, delegation and future cleanup easier.

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