Month-End Closing Process

Complete month-end procedures in BigLedger.

Checklist

Week 4 - Preparation

• Process pending transactions
• Follow up on approvals
• Collect supporting documents

Day 1-3 - Transaction Processing

• Complete all sales invoices
• Process purchase bills
• Record cash transactions
• Post payroll journals

Day 4-5 - Reconciliation

• Bank reconciliation
• Customer reconciliation
• Vendor reconciliation
• Inventory count

Day 6-7 - Adjustments

• Accruals and deferrals
• Depreciation
• Provisions
• Tax calculations

Day 8-10 - Reporting

• Generate trial balance
• Prepare financial statements
• Review variances
• Management reporting

Best Practices

• Start early
• Follow checklist
• Document exceptions
• Get approvals

Download month-end checklist template