Month End Closing Procedures are a set of standardized business processes that must be completed before an accounting period closes. These procedures include activities such as collecting and reviewing financial data, preparing financial reports, recording transactions in the general ledger, and reconciling accounts. By completing these tasks on a timely basis, companies can ensure accurate financial reporting and maintain compliance with applicable laws and regulations. At month end, closing procedures also provide useful insights into business performance and cash flow, allowing business owners to make informed decisions about their operations.