5 Critical Procedures for Your Month End Close

October 30, 2016

Do you prepare for month end by doing these tasks daily?

It’s been a long, hard month, and it’s time to close your books and prepare your financial statements. In an attempt to gather the big picture of your business, you find yourself combing through every number and percentage you see. Here’s a cheat sheet containing five steps to check off your list at the end of each month to ensure optimal accuracy in your financial statements.

In preparation for end-of-the-month accounting make sure you do the following daily:

Record Sales

One of the most important items to be recorded