Close the month

Bank, bills, payroll and the P&L, closed and reviewed by day five.

1. Reconcile the bank accounts
2. Chase unpaid invoices
3. Record bills and expenses
4. Check payroll and post the payroll journal
5. Record bills that have not arrived yet. Most people forget this: Costs from late invoices are what most month ends miss
6. Review the profit and loss against budget (Controller signs off)
7. Send the month-end report

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