Month-End Financials: Accurate, Reconciled & Reported by the 10th

Closing the month should be a moment of clarity, not stress. With our Month-End Financials service, all your transactions are posted, accounts reconciled, and financial reports prepared and delivered by the 10th of the month.

This process ensures that your numbers are accurate, up-to-date, and ready for decisions, presentations, or planning without delay.

Each month, we will prepare and post the following standard financial statements:

• Balance Sheet Shows your organization’s assets, liabilities, and equity as of the report date. This report provides a snapshot of your financial position at a specific point in time.

• Profit and Loss (Income) Statement Details the results of your operations for the reporting period, including revenues, expenses, gains, and losses. It gives a clear picture of your profitability and operational performance.

• Accounts Receivable Aging

  Breaks down outstanding customer balances by how long they’ve been unpaid, helping you assess collection risk and cash flow timing.

• Open Invoices by Customer

  Lists unpaid invoices by customer, showing who owes you money and for which invoices—useful for follow-ups and collections.

• Accounts Payable Aging

  Shows unpaid bills categorized by age, helping you manage vendor payments and avoid late fees or cash flow surprises.

• Unpaid Bills by Vendor

  Details which vendors are owed money and the status of each bill, supporting payment planning and vendor relationship management.

• Sales by Customer Summary

  Summarizes revenue by customer, allowing you to identify top clients, revenue concentration, and growth opportunities.

• Expense by Vendor Summary

  Groups expenses by vendor, making it easier to spot spending trends, cost drivers, and potential savings.

• Uncategorized Transactions Report

  Highlights transactions that need clarification or categorization, ensuring nothing remains unresolved or misclassified.

• Equity Detail Transactions Report

  Provides a breakdown of equity-related transactions, helping track owner contributions, distributions, and retained earnings changes.

• General Ledger (within 200 transactions) Provides a complete record of all transactions in your accounts during the period. For high-volume businesses, we may provide this separately in Excel to reduce report length.

• Reconciliation Summary

  Confirms that bank, credit card, and loan balances match your accounting records—verifying accuracy at month-end.

• Reconciliation Detail

  Provides transaction-level support showing how reconciled balances were achieved, offering transparency and audit-ready documentation.

• AR & AP Aging reports are included if you opt in for these add-on services.

All reports are posted to your client portal in both the Messages area and the #Documents file within the Monthly Financials folder.

Why It Matters

External Benefit – Seamless monthly close With daily reconciliations and checks, your month-end reporting happens smoothly. You can trust that the numbers are accurate, complete, and ready for action.

Internal Benefit – Confidence in your reports You will have clarity knowing your financials are current, organized, and fully reconciled each month. There is no guesswork, no last-minute surprises, just reliable reports ready to share with stakeholders or advisors.

The Bottom Line

Month-end doesn’t have to be stressful. By posting transactions, reconciling accounts, and preparing financials consistently, you gain a clear, accurate view of your business every month.

When your reports are complete, accurate, and on time, you can make informed decisions, stay compliant, and maintain peace of mind — all contributing to a bigger bottom line.