Finally, You Can Master The Month-End Close Process

Detailed step by step practical guidance from an Accounting firm

  • Correcting Errors in the Ledgers

    Learn how to professionally check the general ledger account for errors including mispostings and inaccuracies, and then make any necessary corrections.

  • Doing Adjustments & Reconciliations

    Learn how to do key adjustments at the month-end close process, the adjustments for accruals, prepayments and depreciation, as well as mastering how to do crucial reconciliations.

  • Filing Accounts and Tax Return - CT600

    As a bonus, you will also learn how to file statutory accounts to Companies House and the Corporation Tax Return - the CT600, to HMRC (UK Only)

Here is what is covered in this training

  • 1
    INTRODUCTION TO MONTHEND ACCOUNTING PROCEDURES
    • Working as an Accountant: Junior and Senior Accountants Job Role
    • Overview of the Accounting Procedures to Trial Balance Level
  • 2
    MONTH-END CLOSE KEY STEPS
  • 3
    Step 1: ERROR IDENTIFICATION AND CORRECTION
    • How to Identify Errors in the General Ledger and Correcting Them
  • 4
    Step 2a: DOING MONTH-END ADJUSTMENTS
    • Adjustments for: Accruals, Prepayments, and Depreciation
    • 1. Prepayment adjustment
    • Accruals Adjustment
    • 3. Depreciation & Fixed Asset Disposal
    • Summary of Adjusting Entries - The Checklist
  • 5
    STEP 2b: DOING MONTH-END RECONCILIATIONS
    • 4. Debtor's reconciliation
    • Creditors reconciliation
    • Balance Sheet Reconciliations
    • VAT Control Account Reconciliation
    • Bank Reconciliation
    • Payroll/Wages Reconciliation
    • Closing Stock Valuation
  • 6
    Step 3: PRODUCING MONTH END ACCOUNTING REPORTS
    • Common-Month-End Accounting Reports
    • Trial Balance Report
    • Profit and Loss Account Report
    • Balance Sheet Report
    • Accounts Receivable Ageing report
    • Accounts Payable ageing report
    • Management Accounts Report
  • 7
    SUMMARY ON MONTH-END
    • Summary Notes to Month-end Accounting Process
  • 8
    Bonus 1: PREPARING AND FILING STATUTORY ACCOUNTS AND CORPORATION TAX RETURN
    • Introduction
    • Calculating Profits Chargeable to Corporation Tax - Video
    • Calculating Profits Chargeable to Corporation Tax - Audio
    • Filing Accounts and Tax Returns in the UK - Video
    • Filing Accounts and Tax Returns in the UK - Audio
  • 9
    Bonus 2: STRATEGIC REPORTING TO SENIOR MANAGEMENT
    • Reporting to Senior Management
    • A Report on How to Improve Profits
    • A Report on How to Improve Cash Flow
    • A Report on Business Tax Planning
    • Business Performance Report - Ratio Analysis
  • 10
    Next Steps...
    • More resources for you
    • Before you go...

Your Investment in Yourself

Having month-end accounting procedures experience will definitely help you advance your accounting career, and even get you more pay. This your opportunity to get started on that journey, this is your time.

Here is a Question for You

Are you happy to continue doing just data entry, doing same old, same old things every day, feeling bored, and earning little, when you could actually learn more, do more, and get paid more somewhere else? Well, this is your opportunity to finally do something about it.

Get started now