Close Management

Monthly Accounting Checklist Template

A complete monthly accounting checklist covering all key close activities from journal entries and reconciliations to financial reporting and sign-off. Suitable for small accounting teams managing the full month-end process.

How to use this template

1

Post standard journal entries

Record recurring entries including depreciation, amortization, prepaid expense amortization, and any other standard monthly accruals.

2

Process and reconcile bank accounts

Download bank statements and reconcile each account to the GL. Identify and resolve any unreconciled items.

3

Reconcile key balance sheet accounts

Complete reconciliations for accounts receivable, accounts payable, prepaid expenses, fixed assets, and accrued liabilities.

4

Prepare and review financial statements

Generate the income statement and balance sheet. Review for unusual balances, significant variances, and completeness.

5

Obtain management sign-off

Present the financial package to management or the CFO for review and approval. Document sign-off before locking the period.

Why use this template

  • Single checklist covers the full monthly close from open to sign-off
  • Prevents tasks from being skipped during busy or high-pressure close periods
  • Status tracking gives management real-time visibility into close progress
  • Works for teams of any size — from solo bookkeepers to full accounting departments

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