month-end-close

name	Month-end Close
description	Run the month-end close to reconciled books and a clean set of statements.
category	Finance

Month-end Close

Take the period from raw activity to reconciled books and statements the operator can trust.

When to use

• The accounting period has ended.
• Before producing statements for an investor or lender.

Steps

1. Gather all transactions, statements, and supporting documents.
2. Reconcile every account against its statement; resolve mismatches.
3. Post accruals, deferrals, and any adjusting entries.
4. Review the trial balance for anything that looks off.
5. Produce the P&L, balance sheet, and cash flow for the period.

Output

Reconciled books, adjusting entries logged, and a clean set of statements — following the [[Close checklist]]. The operator signs off before filing.