oboloo

oboloo Glossary

End Of The Month Closing Procedures

oboloo Glossary

End Of The Month Closing Procedures

End of the Month Closing Procedures are a set of structured tasks and processes that are completed at the end of each month, in order to ensure that accounts and balances are updated accurately. This involves the reconciliation of financial records, ensuring the accuracy of accounting entries and verifying information with source documents. Ultimately, these procedures work to protect an organization’s assets and provide timely and accurate information to management.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971