Month-End Close Checklist
Ten steps of a complete close
| Reconciliation | Bank & credit card accounts reconciled to statements | |
| AR / AP | Accounts receivable reviewed and current | |
| AR / AP | Accounts payable reviewed and current | |
| Cutoff | Revenue recorded in the correct period (accruals/deferrals) | |
| Balance sheet | Prepaid expenses and fixed assets/depreciation handled | |
| Payroll | Payroll fully recorded, including accruals | |
| Review | Balance sheet reviewed for accounts that don't make sense | |
| Review | P&L reviewed against prior month and budget for surprises | |
| Output | Financial statements produced (P&L, balance sheet, cash) | |
| Timeliness | Close completed by the target date |
Check what your close currently includes. A tool from The Finance Seat — an independent finance resource for the EOS community. Free to use and share. More at financeforeos.com.
How to use it
Run this against your own close process. Gaps here — skipped reconciliations, no balance-sheet review, no target date — are usually why numbers arrive late or distrusted. For the full picture, read what a good month-end close looks like.
This is a self-assessment tool for discussion, not accounting, tax, or legal advice, and it does not account for your specific circumstances. Decisions about your accounting basis, tax treatment, or financial reporting belong with your CPA or qualified advisor.