Closed by the tenth of the following month. Not usually, not when things are quiet, not when the bank feed behaves. If we are going to miss it you hear from us before the tenth rather than after, and you hear why.
From $310 per monthBank and card statements, anything paid in cash, any invoice that came to you rather than to us. The three day window exists because the first working day of a month is always the worst day to ask a business owner for paperwork.
Every bank and card account matched line by line to the ledger. Not sampled. The point of a reconciliation is that it either balances or it does not, and a sample cannot tell you which.
One message with everything we could not place, numbered, with the date and the amount. Usually between four and nine lines. Answering it takes most owners about ten minutes and it is the only thing we need from you after the 3rd.
Prepayments released, accruals raised, depreciation posted, payroll checked against what actually left the account. This is where a month stops being a bank balance and starts being a result.
Profit and loss, balance sheet, and a one page note saying what moved and why. The note is the part people read. It is written by the person who did the close, not generated.
If you are three or nine months behind, say so. It is the most common reason anyone calls and it is the least interesting thing about a business.
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