Intermediate · 4 lessons · 34 min

The Monthly Close

Run a reliable month-end close: reconcile every account, book accruals, prepaids and deferred revenue, review the numbers and lock the period.

What you'll learn

• Run a month-end close from a written checklist in under ten business days
• Reconcile a bank or card account and resolve every difference
• Book accruals, prepaid expenses and deferred revenue with correct journal entries
• Review the statements analytically and lock the period

Lessons

1. 1What the month-end close isThe routine that turns a month of raw transactions into numbers you can trust and report.7 minFree
2. 2Bank and card reconciliationProve the ledger matches the statement — and how to find the difference when it doesn't.10 minAccount
3. 3Accruals, prepaids and deferred revenueThe adjusting entries that put revenue and expenses in the month they belong to.10 minAccount
4. 4Reviewing the numbers and locking the periodAnalytical review, tie-outs and locking — the steps that make a close final.7 minAccount

Lesson 1 is open to everyone. The rest are free with a ClearBooks account.