Month-end Processing Checklist
This document lists the steps that should be performed at month-end. These steps are performed in order to ensure a clean cut-off between general ledger periods and to ensure that valid month-end reports are produced. The steps in this procedure are important due to the fact that sub-ledger reports are based on entered on date and they change as each transaction affecting the sub-ledger is processed. General Ledger balances are based on the year and period that entries are posted to.. It is therefore critical that the sub-ledger and the general ledger cutt-offs are done simultaneously to allow reconciliation between the sub-ledger reports and the general ledger control account balances.
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Prior to Month-End