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Reporting & leadership
The month-end close
The process that turns a month's transactions into trusted statements: reconciliations, accruals, deferrals, reviews, and the sign-off — on a calendar, in days.
Owned by: AnalystTest band: Analyst
In practice
Ten business days is the target for a small business. The close is finished when the balance sheet is reconciled, not when the P&L looks right.
The kind of thing the test asks
- The close is finished when…
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