Month End Procedures

Alicia

Hi Everyone

I'd be grateful if anyone could advise what month end procedures involve and what information is provided in these procedures.

I am using Sage Software where i am currently employed and run the month end option and that is it.

Many thanks in advance for your assistance.

Alicia

crispy

Hello,

Month end procedures would normally involve things like Sales/Purchase ledger control account reconciliations, as well as other reconciliations for Bank Accounts. Stock, Fixed Assets, PAYE/NI etc...- basically proving out your month end Balance sheet figures. You may also be calcluating month end prepayments/accruals and producing Monthly Managment Accounts depending on size of the company and information requirement of management.