Monthly bookkeeping close checklist
A one-page checklist a small business can follow at the end of each month so the books are ready for taxes, lenders and decisions.
- 1Reconcile every bank and credit card account to the statement.
- 2Review uncategorized transactions and fix miscoded ones.
- 3Match customer payments to invoices and review AR aging.
- 4Enter or review vendor bills and review AP aging.
- 5Review payroll and confirm payroll tax liabilities match filings.
- 6Record depreciation and any month-end adjustments.
- 7Review the profit and loss against last month and the same month last year.
- 8Review the balance sheet for items that look wrong, like negative balances.
- 9Save the reports and note any open questions for your CPA.
If a step takes you more than an hour or you keep skipping it, that is the step to hand off. A Mispar bookkeeper does this close for you every month and delivers tax-ready statements.