finance
Month End Close Checklist
Close the books faster with a fixed sequence and owners.
Set the cut-off and freeze entries
Communicate the deadline to all teams.
~15 min
Reconcile bank accounts
Every account cleared to statement.
~60 min
Reconcile receivables and payables
Chase unmatched items and disputes.
~90 min
Post accruals and prepayments
Consistent policy applied every month.
~60 min
Update fixed assets and depreciation
Additions, disposals and monthly charge.
~45 min
Review the trial balance
Compare to prior month and investigate variances.
~60 min
Produce and circulate reports
P&L, balance sheet, cash flow and commentary.
~90 min
Log issues for next month
Anything that slowed the close down.
~20 min
Frequently asked questions
Run this checklist in Lemplates
Track every step, assign teammates, and ship faster.