Bookkeeping & Monthly Close Services

Bookkeeping and monthly-close support converts transaction records into reconciled accounts and an organised reporting file for management.

Business owners and finance teams improving recurring accounting, reporting or administration can use this service to clarify a particular issue. A useful starting question is: “What is needed to close the books each month?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.

The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.

• Record and classify supported business transactions.
• Reconcile key balances and unresolved entries.
• Prepare close schedules and review packs.

Start with the records below where available. They help establish the facts before a more specific checklist is agreed.

• Invoices.
• Bank statements.
• Payroll records.
• Opening balances.

Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.

Accurate records depend on complete source documents and agreed cutoffs; missing information should be flagged rather than guessed.

1. Define the question: record and classify supported business transactions, using the available invoices and the facts you provide.
2. Examine the evidence: reconcile key balances and unresolved entries. Record unresolved information and the assumptions that affect the analysis.
3. Agree the action: prepare close schedules and review packs. Set the required deliverables, responsible owners and any follow-up or external dependency.

The proposal for Bookkeeping & Monthly Close Services sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of invoices, bank statements, payroll records and opening balances affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.

• Accounting Software Selection & Setup
• Finance & Accounting Outsourcing
• Lease Accounting
• E-Commerce Accounting Services

Share a short summary of your Bookkeeping & Monthly Close Services requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.

• Request a Bookkeeping & Monthly Close Services consultation
• About BIATConsultant