Bookkeeper how-to
How to Complete a Month-End Close Checklist
A consistent close process produces reliable monthly financials.
Quick answer
A consistent close process produces reliable monthly financials. In short: categorize; reconcile; review, then complete the remaining steps below.
Step by step
Categorize all bank and credit card transactions.
Reconcile every bank, credit card and loan account.
Review accounts receivable and accounts payable aging.
Record recurring entries such as depreciation and prepaid expenses.
Review payroll entries and liabilities.
Run the balance sheet and P&L and look for unusual balances.
Lock the period and send reports to the owner or accountant.
Safety reminders for bookkeepers
- Protect financial data with strong passwords and multi-factor authentication
- Verify any request to change vendor bank details by phone
- Separate duties when possible to prevent fraud
- Keep records according to retention requirements
Key terms
Double-entry bookkeeping · Debit · Credit · General ledger · Chart of accounts · Accounts payable (A/P): see the full bookkeeper glossary.