Basic Month End - Arranged by Balance Sheet Account Order

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?

	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?