Reconcile bank accounts
Match bank statements to the ledger and investigate differences.
Finance
Month-end close process
A practical guide to the month-end close, with a step-by-step checklist and ways to close faster.
What the month-end close is
The month-end close is the set of tasks a finance team completes to confirm the month's numbers are complete and accurate before reporting them.
Many teams take a week or more. Clear ownership, a checklist and the right system can bring that down significantly.
Month-end close checklist
The core steps most finance teams follow.
Review receivables and payables
Check invoices, credit notes and aged balances.
Post accruals and prepayments
Recognise costs and income in the right period.
Review stock and fixed assets
Confirm stock values and post depreciation.
Review the balance sheet
Reconcile control accounts and clear suspense items.
Report and lock
Produce management reports and close the period.
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It starts with a short questionnaire about your industry, your current systems and what you want to prove out. Once that's back with us, your tailored trial can usually be made available within a few working days. Prefer a guided walkthrough first? A standard demo is still on the table - just tell us which you'd like.
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Complete a short questionnaire covering your industry, processes and the things you most want to test.
We configure your trial
We set up a Business Central environment around your use case, so you're not clicking through a generic demo company.
You're up and running in days
Your tailored trial is typically ready within a few working days of the questionnaire coming back to us.
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FAQ
Frequently asked questions
Many finance teams aim for three to five working days. Faster closes usually come from automation, clear ownership and fewer manual journals.
Manual reconciliations, late information from other departments, spreadsheet journals and reporting that needs reformatting.
Use a checklist with owners and deadlines, automate bank feeds and recurring journals, and report directly from your finance system.
Partly. ERP systems such as Business Central automate bank matching, recurring entries and reporting, leaving people to review exceptions.