oboloo Glossary

Month End Closing Activities

oboloo Glossary

Month End Closing Activities

At the end of every month, businesses conduct Month End Closing Activities as part of their routine. These activities ensure that all financial accounts and records are accurate and up to date for the given period. This involves processes such as creating and validating payables and receivables ledgers, completing reconciliations, entering tax liabilities, and calculating goodwill amortizations. By taking part in Month End Closing Activities, your business will be more organized, efficient, and profitable – so engage with this process today!