Checklist

Month-end close checklist for service businesses

By NEXUS FIRMA · Updated June 2026

A practical month-end close checks income, expenses, bank activity, invoices, payments, documents, owner review, and accountant handoff before decisions are made from reports.

Core checks

Review uncategorized transactions, open invoices, payment deposits, vendor bills, bank balances, document support, and unusual changes in revenue or expenses.

Owner questions

What changed this month? Which clients owe money? Which expenses need review? What cash is available? Which records need accountant attention?

FIRMA angle

FIRMA should make the close feel like an operating review, not a spreadsheet hunt.

Use this as a buying checklist.

A serious financial software buyer should ask how the platform handles source evidence, approval before posting, accountant access, migration review, role-based access, exportability, and comparison with the tools already in use.

FIRMA should answer those questions with product workflows, not unsupported compliance, tax, savings, or customer claims.