Month-end closing checklist
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Updated 03 Oct 2026
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AI summary
Ten checks that keep your books clean every month, so year-end is easy.
2 sections
| # | Check | Where |
|---|---|---|
| 1 | All sales and purchase bills entered | Sales / purchase registers |
| 2 | Bank reconciled with the statement | Bank reconciliation (Alt+B) |
| 3 | Cash in hand counted and matched | Cash book |
| 4 | Purchases matched with GSTR-2B | GST reconciliation |
| 5 | GST set-off and payment entries passed | Output and input GST ledgers |
| 6 | TDS deducted on all eligible bills and deposited by the 7th | TDS Payable ledgers |
| 7 | Salary, PF, ESI and PT entries passed | Payroll ledgers |
| 8 | Loan EMIs split into interest and principal | Loan ledgers |
| 9 | Old receivables and MSME payables reviewed | Ageing report |
| 10 | Suspense account nil | Trial Balance |
Why monthly
Errors are easier to fix while bills and memories are fresh. GST and TDS returns are monthly or quarterly anyway, so a monthly close keeps them in line with the books.
After closing
Lock the period so no one posts back-dated entries by mistake. Any change after that should be a deliberate, logged correction.
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