The checks and accounting work used to complete a month’s financial records.
Month-end close brings an accounting period’s records to a state suitable for reporting. Finance staff check completeness, reconcile balances and post necessary adjustments, including accruals or other entries relevant to the period. They then complete the reporting work and close the old posting period under the organisation’s accounting procedures. The sequence helps prevent incomplete or incorrectly timed records from distorting monthly results. Closing a period is broader than producing a report: the report depends on the checks and adjustments that establish the figures it contains.
In job listings
Shiseido’s Assistant Corporate Accountant role in London supported a Financial Reporting team responsible for month-end close, internal reporting and group submissions to France and Japan headquarters. Closing the accounts helped the team produce accurate financial and management reports for the UK business. Search local jobs for “accountant”.
