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End Month close template

Anne Njambi, CPA's Profile

Can someone share with me a detailed and simple end month close checklist template


Title: CFO
Company: C-Suite Services
LinkedIn Profile
(CFO, C-Suite Services) |

Chart of accounts........line by line by line!

(Vice President Finance & Controller) |

1. Reconcile Cash. If cash is right, everything else is just accounting.
2. Get the rest of the balance sheet right
3. Get the Income statement right
4. Look for stupid errors. Obvious mistakes.

Topic Expert
Barrett Peterson
Title: Senior Manager, Actg Stnds & Analysis
Company: TTX
(Senior Manager, Actg Stnds & Analysis, TTX) |

First, start before the month ends for transaction processes that operate all month, like procure to pay, and customer order to collection. Standardize recurring requirements which will ne numerous in format and timeliness of data. Have scheduled reminder notices for process' completion. Identify critical reconciliations, particularly cash and major balance sheet captions and ensure they are completed on a very timely basis. A budget/planning system can identify "unexpected" items either present or absent. Identify major risks which may require evaluation for liability accruals. Know your expected effective income tax rate.

JaLynda Burford
Title: CFO
Company: 27Hats Accounting
(CFO, 27Hats Accounting) |

I work on cash first, but daily.
Second, I reconcile the balance sheet and attendant schedules. If the balance sheet is right, the other statements are in good shape for a fast close.
Third, depending on the environment (I specialize in construction), I tie out the WIP report (which also ties the balance sheet and the income statement as well as reconciles the income statement.

Jon Placa
Title: Director of Finance and Operations
Company: NarrativeDx
LinkedIn Profile
(Director of Finance and Operations, NarrativeDx) |

Income statement, current and outstanding invoices, % of budget, remaining runway (startup company)

Anders Liu-Lindberg
Title: Regional Finance Business Partner
Company: Maersk Line Northern Europe
LinkedIn Profile
(Regional Finance Business Partner, Maersk Line Northern Europe) |

Hi Anne,

Some year's back I uploaded a month-end checklist on Proformative. You can find it here:

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