Monthend
Month-end is the closing activity that takes place at the end of a calendar or fiscal month to produce finalized financial data for that period. It is a key part of accounting and financial reporting, used for internal management information as well as external reporting. While calendar month-end occurs on the last day of the month, many organizations also operate on a fiscal month-end based on their chosen accounting period.
The month-end close typically involves ensuring that all transactions for the period have been recorded in
Outputs of the close include a trial balance, adjusting journal entries, and finalized financial statements and
Controls and governance are central to the month-end process. Organizations maintain documentation, audit trails, and reconciliations