Thanks to Katy Hetherington from Aplos Software blog.
The end of the month is a hectic time in any back office. A monthly checklist can help ensure that all financial transactions that affect your bottom line are accounted for. Setting a deadline for the month end close helps too (for example, close month and run reports by the 5th of the following month).
There are the usual day to day dealings to post, but there are also several unique transactions that only get posted on a monthly or quarterly basis that need to be accounted for.
Here’s a monthly closing list to help your accounting month end process go smoothly. Be sure to edit it as necessary to make it your own. Then implement it as part of your month end accounting procedures:
You may also appreciate some of our other helpful tools to make managing your finances simple:
- Year End Accounting Processes
- How to do accounting journal entries
- What is a fiscal year?
- How to file a Form 990
- CPA Recommended Accounting Software
Good luck and remember this blog is not meant to be a substitute for professional accounting services, just a helpful resource. Always consult a CPA or trusted professional if you seek tax or accounting advice.