Basic Month End - Arranged by Balance Sheet Account Order

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About this template

This template provides a streamlined, step-by-step process to ensure accurate and efficient month-end close. It helps your team track essential tasks like reconciliations, adjustments, and reviews. Perfect for accounting teams or firms that want consistency and clarity in their monthly close process. Why Use It: 1. Improves Accuracy: Reduces errors with a clear, repeatable workflow. 2. Saves Time: Pre-built tasks let you focus on execution, not planning. 3. Increases Accountability: Assign tasks to team members for clear ownership. How to Use: 1. Import and customize the template to match your process. 2. Assign tasks to the appropriate team members. 3. Set it to recur monthly for an automated, repeatable close process.

Work type: Accounting

Location: United States

Client industry: Generic

This template includes

  • 27 tasks
  • 6 client tasks
Team Tasks
Add Month End Folder in Folder System
Check Banking Transactions (Bank Feeds) (if used)
Download Statements
Bank accounts
Accounts receivable
Retention Receivable (if necessary)
Other assets
Inventory (if necessary)
Undeposited funds
Fixed assets
Accounts payable
Credit cards
Payroll liabilities
Sales / use tax liabilities
Other liabilities
Wash / suspense
Equity
Payroll expenses
Uncategorized accounts
Unspecified locations
Unspecified classes
Parent accounts
Appropriate balances
Final Review and Confirmation of Completion
Archive financial statements
Set closing password in QBO
Mark this task as complete to Automate The QA and ME Review Project Kick-Off
Client Tasks Client Tasks
Were there any fixed asset purchases (i.e. vehicles, equipment, office equipment, land, or buildings, etc) over $2,500 last month?
Please upload sales / use tax reports prepared and filed last month.
Please upload {bank, credit card, asset, liability statements}
Please upload payroll reports.
Were any new loans obtained last month?
Were any new employees hired or terminated in the previous month?

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