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Margin Max / Financial & operating control

Month-end close calendar

A close with named preparers, reviewers and a defined exception path.

Worked example · A proposed structure for close preparation, review and exception follow-up. Relative due dates and roles are illustrative; this is not a claim of a completed client close.

Month-end close calendar overview

Close responsibilities

DueTaskPreparerReviewerSupporting recordStatus
D−3AP cutoff & department remindersAP / department ownersControllerInvoice log; cutoff exceptionsPlanned
D−1Bank feeds & source completenessStaff accountantChief accountantBank and subledger extractsPlanned
D+1Cash & bank reconciliationsStaff accountantChief accountantStatements; bank-to-GL bridgePlanned
D+2AR / AP aging tie-outsAR / AP leadsChief accountantAging tied to GL; exception listPlanned
D+3Prepaids, fixed assets & accrualsStaff accountantControllerRollforwards; entries; supportPlanned
D+3Job costs & WIP reviewProject accountingController / operationsCost forecasts; approved changesPlanned
D+4Intercompany & consolidationChief accountantControllerCounterparty tie-out; eliminationsPlanned
D+4Revenue & cutoff reviewChief accountantControllerBilling and revenue supportPlanned
D+5Financial statements & variance reviewControllerOwnership / finance leadP&L; balance sheet; commentaryPlanned
D+5Open-item decisions & sign-offControllerOwnership / finance leadOwner; due date; approval trailPlanned
D+6Final reporting & period lockControllerAuthorized finance leadFinal package; lock confirmationPlanned

Review standard

Each workpaper should identify the period, source records, calculation, preparer, reviewer and unresolved differences. Completion requires support and review, not a checked box alone.

Exception path

Record the issue, amount, financial-statement impact, proposed treatment, owner and due date. Escalate unresolved material items before reporting and retain the final approval trail.