Month End Close

March 10, 2020


A company's month-end close process is an important requirement for assuring accurate and timely financial statements. Key processes include account reconciliations, review of management reports, and analysis of budget-versus-actual financial results. Best practice requires all departments to create a month-end process to close off accounts and processes integral to reporting the company's operational and financial results. Internal controls should be developed and implemented as part of the…

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