Month-end close checklist
Close the books on time and correctly: complete the steps in order, clear differences, and review before locking.
- Level
- Intermediate
- Length
- About 45 minutes
- Contents
- 3 lessons · 1 video · final exam
- Status
- Published · updated 1 Oct 2026
Skills you'll practise
- Sequence the main month-end close tasks
- Complete a bank reconciliation and explain any difference
- Calculate simple accruals and prepayment releases
- Explain why review and sign-off come before locking the period
Course outline
- 1.The month-end closeVideo · 2 min
- 2.The close, step by stepLesson · 16 min
- 3.Reviewing the closeLesson · 10 min
- 4.Accruals, prepayments and cut-off in practiceLesson · 14 min
- 5.Month-end close checklist: knowledge checkKnowledge check · 25 questions
- 6.Month-end close checklist: practical exerciseKnowledge check · 1 question
- 7.Month-end close with an open differenceScenario
- 8.Final exam8 questions · passing it completes the course, so people who already know the material can test out
Sources it draws on
The lessons and questions are written from these references, so learners can go back to the original.
- General month-end close practice (reconciliations, accruals, prepayments, cut-off, review and sign-off)
- General business-finance fundamentals (revenue, cost, gross margin, budgets)
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