Accounting
A month-end checklist for small businesses
A simple review to help you close the month and carry open items forward.
Check that the records are complete
Gather the month’s sales records, supplier bills and receipts. Review entries with missing descriptions or documents, and note who can supply the details.
Reconcile accounts and review balances
Compare the books with bank statements and note any differences that need investigating. Check outstanding invoices and bills for incorrect balances, overdue items and payments that have yet to be matched.
Review the summary and agree next steps
Look at income, expenses and outstanding balances together. Give each unresolved item an owner and a follow-up date, then carry the list into next month’s review.