Monthly bookkeeping: a simple checklist

Closing books every month gives you timely information and makes year-end finalisation much easier.

Checklist

1. Record all sales and purchase invoices.
2. Reconcile bank and cash balances.
3. Review outstanding receivables and payables.
4. Book expenses and accruals.
5. Review the trial balance and prepare a summary.

This article is general information, not professional advice.