Monthly Closeout

This document serves as information on the Month End Close process.

1. Email is received monthly, usually (but not always) around the 3rd Thursday of the month, with a P&L Report and Q&A Sheet attached.
2. Recurring Jira issue for month end close, is created every third Sunday of the month (assigned to Amy).
3. Complete each checklist item (details below).
4. Take note about concerns or general findings in that week’s Finance Friday document.
5. Move Jira issue to Done.

• Review the following:

  • Current assets
  • Projected liabilities
  • Accounts receive

• Note any amounts that don't match up to known transactions, etc.

Kruze will list any questions or clarifications they need on the Q&A Worksheet. 

• Review the sheet and respond to all inquiries. 
• Tag any relevant Gradient staff who can assist with responses in the sheet.
• Add any questions of our own for Kruze to respond to.

• Pull the Budget vs. Actual report in Quickbooks.
• Review report and note accounts where actual is below or above 10% of budget
• Pay attention to over or under budget trends

• If there are any alarming issues in the previous steps, set meeting to discuss
• Determine if budget should be adjusted and adjust accordingly