Month End Review
Plan
Process
Documents and Information Required
Plan
- On voluntary basis
- Every business which are going for an audit in the financial year
Process
- Collect Financial Data
- Review Financial statements
- Assess KPIs
- Conduct expense analysis
- Identify revenue trends
- Review cash flow
- Identify areas of improvement
- Adjust financial projections
- Communicate findings
- Document the review
Documents and Information Required
- Financial Statements
- Bank Reconciliation
- Accounts payable aging report
- Accounts receivable aging report
- Inventory report
- Expense report
- Budget variance analysis
- Key performance indicators
- Management reports
- Supporting Documentation