Month-End Close Quick Reference
Recall the core month-end close checks for bookkeeping reliability.
CLOSE What does CLOSE remind you to do? A month-end sequence. Reconcile or review? Two different close moves. Do both: reconciliation proves balances; review catches odd stories. The bank account reconciles, so the books are done. Your response Reconciliation proves cash; close also needs classification, cutoff, clearing, and reasonableness checks. Treating cash proof as full reporting proof. It honors the valid point while naming the missing controls. What is one close item that should never be hidden? Unresolved clearing or suspense balances. They signal unsupported classification and should have owner, age, and next action.
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