Year-End Closing Checklist

Year-End Closing Checklist 2023
Planning | Procurement | AP | AR | FA | Projects | Treasury | GL

Year-end closing is here, and so is the checklist

I know I keep saying this, but trust me, planning is the key to a smooth year-end close and aligning all the stakeholders on expectations and deadlines.

Plan ahead > Communicate > Align the Stakeholders

Benefits of having a year-end closing checklist:

1. Ensures financial accuracy by systematically reviewing and reconciling all accounts, minimizing errors and discrepancies.

2. Helps in meeting compliance and regulatory requirements, reducing the risk of audits or penalties.

3. Streamlines the financial reporting process, making it easier to communicate financial results to stakeholders.

Here's what is included:

1- Planning
2- Procurement
3- Accounts Payable
4- Accounts Receivable
5- Fixed Assets
6- Projects
7- Treasury
8- General Ledger


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