The Month-End Closing Checklist is a process that companies use to make sure all their financial records are accurate and up-to-date at the end of each month. It involves verifying that transactions have been correctly recorded, accounts have been closed, invoices have been paid, and adjustments have been made. The checklist ensures that financial statements accurately reflect the company’s financial position at month’s end. By taking time to carefully complete this checklist, companies can rest assured that their financials will be accurate, reliable, and compliant with industry standards.