Month-end close checklist template

When to use it

Run it in the last and first few working days of each month.

1. Cut-off

1. Confirm all sales invoices for the month are raised.
2. Log all supplier invoices received.
3. Record expense claims up to the cut-off date.

2. Reconcile

1. Reconcile every bank and card account.
2. Reconcile receivables and payables ledgers.
3. Review and clear suspense accounts.

3. Adjust

1. Post accruals and prepayments.
2. Post depreciation.
3. Record payroll journals.

4. Review and report

1. Review the P&L and balance sheet against budget and last month.
2. Explain any variance over your threshold.
3. Send management accounts and lock the period.

Tips

• Record each reconciliation in Startt once. When the person who usually does it is on leave, anyone can follow along.