Month-End Close Checklist

Download all bank and credit card statements

Reconcile all checking accounts

Reconcile all credit card accounts

Verify PayPal / Stripe / Shopify payouts match records

Confirm all invoices sent are recorded in AR

Categorize all uncategorized transactions

Review and post payroll entries

Record any prepaid expenses or accruals

Verify COGS entries are accurate

Check for duplicate transactions

Run draft P&L and review for anomalies

Run Balance Sheet and check all accounts net correctly

Review AP aging — any overdue bills?

Review AR aging — any overdue invoices?

Confirm loan and liability balances are current

All bank accounts reconciled to zero difference

P&L reviewed and approved

Financial package sent to stakeholders

Document any open items or exceptions

Mark close complete in your accounting system