A Practical Year-End Accounting Close Checklist

Complete balance-sheet reconciliations

Reconcile bank accounts, receivables, payables, VAT, payroll, loans, fixed assets, intercompany balances and key provisions.

Review cut-off

Confirm that income and expenses are recorded in the appropriate reporting period.

Investigate unusual balances

Old, negative or unexpected balances should be understood and resolved before finalisation.

Prepare a review file

Keep reconciliations, schedules, agreements and explanations in a structured file that supports internal and external review.

Leave a Comment

Your email address will not be published. Required fields are marked *