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All skills
Productivity

Run a month-end close

A close binder with the reconciliations, the journals and what is still open.

Fill it in

Trial balance, statements and sub-ledgers.

Which month.

With what is done and what is blocked.

Your prompt

Assemble the close for [your period].
Reconcile every balance-sheet account, not just the interesting ones. The accounts
nobody reconciles are where the error has been sitting for four months, and the
reason nobody reconciles them is that they are small until they are not.

Show the supporting evidence beside each figure. A close binder exists so that in
June somebody can answer why March looked like that without asking whoever did it.

A checklist with what is done, what is blocked, and who is blocking it. A close
that is 95% finished for three days is blocked on one thing, and naming it is the
whole point.
List unresolved differences with an amount, rather than posting them to
suspense and moving on.
Continue and pick your folderOpens with everything above already filled in.

Why this works

The accounts nobody reconciles are where the error has been sitting for four months, and the reason nobody reconciles them is that they are small until they are not. This reconciles every balance-sheet account and keeps the evidence beside each figure.

More productivity skills

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