Efficient reporting is key to business health. The month-end closing period is typically an area that causes delays and obstructs reporting operations.
Fortunately, a month-end close checklist can help streamline the closing process, facilitating swift decision-making and transparency, while promoting efficiency and teamwork. Additionally, it strengthens audit readiness by providing a trail for external auditors.
Explore items to keep front of mind during the process and execute a checklist for your business below.
Month-End Close Processes
The following example checklist may help streamline processes and foster continuous improvement. Adding it to your monthly operations not only may help you protect the integrity of your financial data but may also help you lay the foundation for sustainable growth and success.
Standardizing your month-end close processes also makes space for regular reviews and updates that can allow your organization to enhance processes, enhance controls, and reduce costs.
Example Month-End Close Checklist
We’re Here to Help
If you have further questions about how to implement or streamline your month-end close process, contact your Moss Adams professional.