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Yes. But let us first interpret the meaning and importance of the month-end close checklist. Month-end closing is an accounting procedure that accountants usually undertake at the end of the month to close the accounting records for a particular month. So, a month-end closing checklist guides the enRead more
Yes. But let us first interpret the meaning and importance of the month-end close checklist.
Month-end closing is an accounting procedure that accountants usually undertake at the end of the month to close the accounting records for a particular month. So, a month-end closing checklist guides the entire month-end closing procedure.
It is crucial as it helps us remember things we might otherwise skip while finalizing the monthly books of accounts. Also, you can fix any discrepancies at the earliest, rather than it getting piled up at the year-end.
Illustrative checklist for month-end closing of accounting records
Month-end close checklist
A downloadable excel sheet has also been attached for your reference.
Month-end close checklist
Hope after reading this you might have got an insight of the checklist for month-end closing.
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