Your Month-End Closing Checklist
Ten steps to close the month confidently — so your Profit & Loss is right and last month stays locked.
A clean month-end close takes under an hour once it becomes a habit. Follow this list in order.
- Enter everything — all sales, bills, expenses and payments for the month.
- Clear approvals — nothing left in Approvals → Pending Requests.
- Reconcile each bank — Banking → Statement Import / Posting.
- Count cash and compare with the cash ledger in View Ledger.
- Check stock — post Stock Adjustments for any count differences.
- Run payroll — HRM → Salary.
- Post depreciation — Accounts → Asset Depreciation.
- Review receivables and payables — aging reports under Reports; chase overdue customers.
- Read the reports — Trial Balance, Profit & Loss, Balance Sheet.
- Close the period — Accounts → Period Closing locks it against accidental edits.
Year end? Same list, plus a review of Budgets versus actuals and a backup export of your key reports.