Month-end close: what a closed month means

What we check before we close

• Every bank transaction of the month has been booked, matched or resolved with a reason given. We never close a month with open transactions.
• There are no documents left that still need checking
• The VAT according to our bookings equals the VAT in your package
• Possible duplicate payments have been checked, and so have amounts far higher than what a supplier normally costs

Software runs through this list. A bookkeeper checks the outcome and signs off. Only then is the month closed and locked.

What it gives you

• Every month you see what your business really earned and spent
• The quarterly VAT return is three closed months added together. On Professional and Complete we prepare it for you.
• At the end of the year your accountant gets twelve months that already add up

What we need from you

Only the receipts and invoices we can’t find ourselves. You get a link and take a photo, or you forward the receipt to your own address with us. After a week we send a reminder, and one more after two weeks.

How often we close

Behind on your books?

Then we start with the old months, oldest first, and close them one by one. See catching up on your books.