Accounting
Sample article
A month-end close checklist for growing businesses
A simple, repeatable checklist that turns month-end from a scramble into a routine.
A predictable close is the foundation of reliable reporting. Use this as a starting point and adapt it to your business.
Before the month ends
- Agree the close calendar and owners for each task.
- Chase pending bills, expense claims and sales documents.
First three working days
- Reconcile all bank and card accounts.
- Record accruals, prepayments and provisions.
- Reconcile receivables and payables control accounts.
By day five
- Reconcile GST and TDS ledgers with returns and challans.
- Review the trial balance for unusual balances.
- Prepare the MIS and variance commentary.
After the close
- Lock the period in your accounting software.
- Note what slowed you down and fix one thing next month.
This article is general information, not professional advice. Please consult us about your specific situation.