A month-end close is complete when the agreed records are processed, account balances are checked and unresolved questions are identified. A transaction import or a printed profit and loss report alone does not establish that the month has been reviewed. Use this checklist to discuss responsibilities with your bookkeeper.
Get help with your monthly booksPractical records guidance · Updated October 8, 2026 · Fictional examples
List every included bank, card and processor account. Confirm the statement period and identify new or closed accounts. Collect sales summaries, supplier bills and approved payroll records before asking the reviewer to close the period.
Preparation organizes entries; review examines their effect and the supporting records. Decide who answers business-purpose questions, approves adjustments and checks the final reports. Your records cutoff and delivery schedule should allow time for those answers.
Illustrative example · Fictional data
Illustrative example: the bank account is reconciled, but a $700 supplier bill for this month has not been entered. Under the agreed accrual policy, the bank check alone does not establish complete expenses or payables. The invoice and period review must also be completed.
Reconciliation should explain differences appropriately. Legitimate timing items can exist; forcing a zero with an unsupported adjustment hides the question.
No. Daily source summaries may support a month-end service. The engagement confirms the actual processing and reporting schedule.
Discuss your monthly records, missing months or incorrect balances. We’ll agree the work, records and price before starting.
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