oboloo Glossary

Financial Month End

oboloo Glossary

Financial Month End

Financial Month End is an important process that closes a given month’s financial books and prepares them for the upcoming month. It involves ensuring that all accounts are accurately closed, reconciled and reported according to accepted accounting standards and international regulations. At the end of each month, businesses also need to make sure that all necessary documents have been received and processed and that any discrepancies have been identified and adjusted. Month-end can be a daunting task, but when done properly it can help you gain an understanding of your business’s financial health, better manage expenses, monitor cash flow, and stay on top of changing market trends.