Month-End Accounting

Month-End Close and Accounting Support

Month-end close is where recorded transactions become reviewed financial information. Eccountrio provides close support covering accruals and cut-off, open-item review, and preparation of the period's financial statements.

Discuss Your ScopeSee Pricing

What's included

  • Month-end close support
  • Accrual / cut-off support
  • Open-item review
  • Financial statement preparation

How it works

A close is the set of procedures performed after a period ends to make the accounts final. Cut-off testing confirms each transaction landed in the period it actually belongs to rather than the period it happened to be entered. Accruals record expenses incurred but not yet billed, and revenue earned but not yet invoiced, so the period's results reflect activity rather than cash timing. Open-item review clears the balances that tend to accumulate quietly — unmatched deposits, stale payables, suspense and clearing accounts — before statements are issued.

Who this is for

  • Businesses that need a defined, repeatable monthly close
  • Accounting firms needing month-end capacity across a client book
  • Finance teams where the close depends on one overloaded person

Month-End Accounting — questions

What does month-end close support include?

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Month-end close support, accrual and cut-off support, open-item review, and financial statement preparation.

What is the difference between bookkeeping and month-end close?

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Bookkeeping records and reconciles transactions as they occur. The month-end close finalises the period on top of that work — posting accruals, testing cut-off, clearing open items and reviewing the accounts before financial statements are issued.

What is cut-off in accounting?

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Cut-off is the boundary between one accounting period and the next. Correct cut-off means each transaction is recorded in the period in which it actually occurred, so results are not distorted by an invoice or payment being entered late.

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