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Finance Month-End Close Basics

Close books reliably

Month-end close steps include reconciling cash/AR/AP, posting accruals/deferrals, reviewing variances, and preparing preliminary financials with a checklist and deadlines to ensure accuracy.

Reconcile

Cash, AR/AP, inventory; tie to statements.

Accrue/Defer

Record accruals/deferrals; review entries.

Review

Variance analysis and preliminary financials; track checklist.

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