Month-End Closing Calendar

Month-End Closing Marathon (Calendar)

Based on my experience, I have developed the Month-End Closing Calendar for reference.

Our ERP system required the modules to be closed in a specific sequence. I believe the process was inefficient, but that's how the system worked.

The process started with procurement and ended with GL. Each module closing took a day.

We began our work early to ensure that the books could be closed by the end of the month.

Here's how it worked:

✅ 24th of Each Month
1️⃣ Send Intercompany debit/credit notes and request balance confirmation from related parties
2️⃣ Coordinate with Procurement to get the list of POs/Contracts where goods/services are delivered but invoices not received

✅ 25th Close Procurement Module
✅ 26th Close Accounts Receivable Module
✅ 27th Close Accounts Payable Module
✅ 28th Close Treasury Module
✅ 29th Close Projects and Fixed Assets Modules
✅ 30th Close General Ledger Module

⭕ 1st Working Day Issue Flesh Report
⭕ 5th Working Day Issue Management Report
📌 7th Working Day onward Management Review Meetings.