SkyStar insights

A practical month-end close checklist

A repeatable close process turns transaction data into reliable financial statements.

Confirm transaction completeness

Import and classify bank, card, payroll, sales and expense activity for the full period.

Reconcile control accounts

Reconcile cash, credit cards, loans, AP, AR and other material balance-sheet accounts to independent support.

Record period adjustments

Post accruals, prepaids, depreciation, payroll adjustments and corrections with clear descriptions and support.

Review the statements

Compare the P&L and balance sheet to prior periods and expectations. Investigate unusual balances before reports are issued.

Lock and document

Save reconciliations and workpapers, close the period where appropriate, and carry forward a clear open-items list.

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