Month-End Close is the process of ensuring that all business transactions are accurately recorded before the end of a financial period. It involves verifying that all accounts have been settled, accounting records have been reconciled, and data is ready for accurate reporting. During the Month-End Close process, businesses must also review their books for accuracy, identify any irregularities and take corrective actions as needed. In order to ensure a successful close each month, organizations should have a documented procedure for Month-End Close that details the sequence of critical tasks and deadlines necessary for quick and accurate completion.