Month-end close with no checklist? Where do I even start? – MCG’s MIPster the Tipster™

MIPster the Tipster: Start Your Month-End Close the Smart Way

Hello friends. No close process yet. Start simple. Use a checklist. List the tasks you already do each month. Reconcile bank accounts. Review open payables and receivables. Post journal entries. Run key reports.

Now set the order. What comes first. What comes next. Assign each step to a person. The clerk reconciles. The controller reviews. The executive director gets the final reports. Keep version one short. Use it this month. Then add timing, due dates, and what backup you need.

Here is the tip. Do not wait for perfect. Start with a simple checklist. Give each task an owner. Improve it as you go. A documented close creates consistency, accountability, and smoother audits.

Bonus tip. Export the Trial Balance to Excel. Next to each account, write the tasks or entries needed to close it, and who owns it. Now your team knows exactly what to do.

Want a ready-to-use close checklist or help tuning your process. Visit our site to learn more and get in touch:

https://mcgoverncg.com/schedule/

https://www.freemipfundaccountingtraining.com/