Accounts Monthly Procedures
From 24-7Wiki
The following reports should be produced at the beginning of the third week following the previous month end:
- Compile and chart monthly income and expenditure to the current fully reconciled month
- Compile and chart monthly fixed vs variable costs to the current fully reconciled month
- Produce reports on Profit and Loss and Balance Sheet, from April to the current fully reconciled month
- Monitor and update Budget Spreadsheets
As much as possible, all journals and outstanding reconciliations should be completed before these reports are run.
