Halfway through the year is the perfect time to get ahead. Year-end closing might feel far away, but it’s the day-to-day discipline in June that ensures a smooth December. To help you prepare, I’m sharing my annual closing checklist with 150 proven steps—so you can spot issues early, not scramble later.
😵💫 Year-end closing chaos? You’re not alone.
Each December (or worse, January), I’d find myself in the same stressful loop:
- Chasing late invoices
- Making last-minute manual adjustments
- Reconciling accounts that don’t match
- Digging for missing documentation
- Trying to hit deadlines while still running the business
Even with corporate procedures in place, I always felt unsure — like something might slip through. That’s why I created my own checklist. A clear, practical tool to make sure everything is covered.
🔍 It’s built to ensure your financial statements meet all four key audit assertions:
✅ Completeness – every transaction is captured
✅ Accuracy – the numbers are correct
✅ Existence – assets and liabilities are real
✅ Valuation – everything is properly measured
🧠 Inside this checklist:
✔ Fixed assets & depreciation
✔ Inventory, revenue & cost of goods
✔ Payroll, AP/AR, cash & intercompany
✔ Loans, taxes, equity, and more — 150 detailed checkpoints
Each item is color-coded (Done, In Progress, Not Started) to give you a real-time view of your closing status. Great for solo controllers, busy finance teams, or anyone who just wants more control and fewer surprises.
📥 Download your free Excel checklist here
P.S. If your company needs support in finance, my team of 20 top-tier consultants is ready. This is what we do:
- Financial automation with full implementation of Microsoft Business Central and Power Platform
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Contact our WTS experts to optimize your finance
