AI Checklist Generator

From the makers of Manifestly Checklists

Email address

Home > Information Technology > check list for fiannce monthly closing

check list for fiannce monthly closing

1. Pre-Closing Activities

Review and reconcile all accounts payable and accounts receivable.

Ensure all invoices are entered and processed.

Confirm all employee expenses are submitted and approved.

Verify that all purchase orders are closed.

2. Revenue Recognition

Review revenue recognition policies and ensure compliance.

Confirm that all revenue for the month has been recorded.

Reconcile deferred revenue accounts.

3. Expense Management

Review all operating expenses for accuracy.

Ensure all recurring expenses are recorded.

Analyze variances between budgeted and actual expenses.

4. Account Reconciliations

Reconcile bank accounts.

Reconcile general ledger accounts for accuracy.

Confirm that all intercompany transactions are recorded.

5. Financial Reporting

Prepare monthly financial statements (income statement, balance sheet, cash flow statement).

Review financial statements for accuracy and completeness.

Analyze key financial ratios and metrics.

6. Compliance and Audit

Ensure compliance with accounting standards and regulations.

Prepare documents and schedules for internal or external audits.

Address any audit findings from previous months.

7. Final Review and Approval

Conduct a final review of financial statements with management.

Obtain necessary approvals for financial reports.

Distribute financial statements to relevant stakeholders.

8. Post-Closing Activities

Archive financial records for the month.

Update financial forecasts based on monthly results.

Schedule meetings to discuss financial performance with the team.

Download CSV Download JSON Download Markdown

Use in Manifestly

Related Checklists

Security Checklist

Security Checklist is an important tool to identify, assess and manage security risks in order to protect information systems and data.

view →

Server Maintenance Checklist

A server maintenance checklist is an important tool for ensuring the stability and reliability of a server system.

view →

Desktop Configuration Checklist

A Desktop Configuration Checklist is a valuable tool for ensuring that systems are configured securely and consistently.

view →

Incident Response Checklist

An Incident Response Checklist is essential for ensuring a timely, effective, and organized response to security incidents.

view →

Data Backup Checklist

A Data Backup Checklist is an important tool for ensuring that important data is regularly backed up and secure.

view →

Software Update Checklist

A Software Update Checklist is essential to ensure that all of your software is up-to-date and running optimally.

view →

Server Configuration Checklist

The Server Configuration Checklist is an important tool for ensuring that a server is properly set up and secured for the intended purpose.

view →

Performance Monitoring Checklist

Performance Monitoring Checklist is a tool used to ensure a system is running efficiently and effectively, and to identify and address any potential problems or issues.

view →

Network Maintenance Checklist

Network Maintenance Checklists provide a structured way to ensure that all critical network components are regularly monitored and maintained, helping to ensure the network's stability and security.

view →

Patch Management Checklist

Patch Management Checklist is important for IT departments to ensure that all systems are up-to-date and secure from potential security threats.

view →

Disaster Recovery Checklist

A Disaster Recovery Checklist is an important tool for organizations to use to ensure that all necessary steps are taken to protect and maintain their IT systems in the event of an emergency.

view →

Software Installation Checklist

A software installation checklist helps ensure that all required components are installed correctly and efficiently, minimizing the risk of errors and providing a consistent and seamless user experience.

view →

User Access Control Checklist

User Access Control Checklists are important for ensuring that only authorized users have access to sensitive information and systems.

view →

Hey there! Here's a little about us or visit our recurring workflow SaaS: Manifestly Checklists

Light Dark