Period close

A month-end sequence from bank rec through subledger close, allocations, books, and reports.

50 minIntermediate0% complete

Intended role: Controllers and accountants who own period-end
Goal: Run a repeatable close without skipping a control
Done when: You can name each close control in order and complete the Help task for the step you are on.

Resume

Continue with Bank Reconciliation

Lesson 1
Understand Bank Reconciliation
Prove cash before you lock subledgers. Unreconciled items become close surprises.
Confirm: reconcile a bank account in Sage Intacct
Do this in Help Background
Lesson 2
Understand Accounts Payable
Complete AP: remaining bills, payments, and AP close so expenses hit the right period.
Confirm: close accounts payable for the period
Do this in Help Background
Lesson 3
Understand Accounts Receivable
Finish invoicing and cash application so revenue and AR aging match the period.
Confirm: close accounts receivable for the period
Do this in Help Background
Lesson 4
Understand Allocations
Run period allocations after operational ledgers are complete, before you close books.
Confirm: run month-end account allocations
Do this in Help Background
Lesson 5
Understand Close Workspace
Close Workspace is the checklist for remaining close tasks before you lock the books.
Confirm: use Close Workspace for period close
Do this in Help Background
Lesson 6
Understand Close Books
Lock the period so nobody can post dated transactions into a range you already reported.
Confirm: close books in General Ledger
Do this in Help Background
Lesson 7
Understand Financial Reporting
Publish financial statements only after books and allocations are done.
Confirm: run period-end financial reports
Do this in Help Background

Understand Bank Reconciliation