[Simple Start] Month End Close Engagement Letter Template

Last updated: July 2025

Month-End Close – Simplified Workflow

Purpose:
Simplify and standardise your month-end close — clear steps, minimal rework, consistent every month.

☐ Check that all income & expenses for the month are entered.
☐ Gather missing invoices, receipts or bills from client.
☐ Confirm all bank feeds and imports are up to date.

Reconcile

☐ Reconcile all bank accounts to statements.
☐ Reconcile credit card & loan accounts.
☐ Match customer payments & supplier payments to invoices.
☐ Reconcile payroll and tax accounts if applicable.

Adjust

☐ Post depreciation and amortisation entries.
☐ Record accruals or prepayments if needed.
☐ Check and adjust stock/inventory if relevant.
☐ Review and clear any suspense or holding accounts.

Review

☐ Review Profit & Loss for accuracy and reasonableness.
☐ Check Balance Sheet for unusual balances.
☐ Ensure all reconciliations are complete and balanced.
☐ Save all supporting workpapers.

Finalise & Report

☐ Generate final reports: Profit & Loss, Balance Sheet, Aged Receivables/Payables.
☐ Highlight key points or variances for the client.
☐ Lock the accounting period.
☐ Send reports and summary email to client.
☐ Mark the job complete in your workflow system.