<Company Name>

Close Process Checklist

<Date>

Note: This checklist should be updated each evening and submitted to the controller.

Close Process Checklist

Activity Activity Owner Activity Signoff Status Notes
Pre-Close
Post final accounts receivable entries Kim Ralls Kim Ralls Complete Needed to back out invoice #123456, which
Not started
should be posted to the current month.
Post final accounts payable entries In progress
In progress
Post final employee expense/payroll entries Not started
Complete
Post other month-end entries (as required) Not started

Day 1
Complete depreciation journal entries Not started

Prepare and post recurring monthly journal entries Not started

Begin preparing nonstandard journal entries Not started

(including intercompany, if applicable)
Day 2
Post nonstandard journal entries Not started

Close subsidiary ledgers: fixed assets, payroll, A/P, Not started

and A/R
Day 3
Post remaining intercompany transactions Not started
(if applicable)
Review to ensure intercompany balances are zeroed Not started
out and eliminated
Draft first version of financials Not started

Conduct preliminary review of financials (soft close) Not started

Day 4
Complete bank reconciliations and post final cash Not started

Post revenue, cost, and tax accruals (as required) Not started

Draft revised financials Not started

Draft revised footnotes and disclosures Not started

Day 5
Conduct comprehensive review of financials Not started

Create and post final journal entries as required Not started

Close general ledger and release financials for CFO Not started
signoff
Day 6
Release financial statements (including appropriate Not started
footnotes and disclosures)
Begin management reporting and rolling budget cycle Not started