Close Management

Important: This skill assists with close management workflows but does not provide financial advice. All close activities should be reviewed by qualified financial professionals.

Month-end close checklist, task sequencing and dependencies, status tracking, and common close activities organized by day.

Month-End Close Checklist

Pre-Close (Last 2-3 Business Days of the Month)

• Send close calendar and deadline reminders to all contributors
• Confirm cut-off procedures with AP, AR, payroll, and treasury
• Verify all sub-systems are processing normally (ERP, payroll, banking)
• Complete preliminary bank reconciliation (all but last-day activity)
• Review open purchase orders for potential accrual needs
• Confirm payroll processing schedule aligns with close timeline
• Collect information for any known unusual transactions

Close Day 1 (T+1: First Business Day After Month-End)