Month-End Checklist
Bank reconciled, drafts submitted, payments allocated, depreciation posted, stock vs ledger, VAT prepared, suspense cleared, period locked.
Month-end close
Close the Month with a Checklist
Bank, drafts, payments, depreciation, stock, VAT and the period lock: each step shows what is left and opens the fix.
The problem
Closing the Month Should Be Routine
Without a fixed routine, unmatched bank lines, unposted drafts and suspense balances pile up until the VAT return is due.
Sound familiar?
- Bank lines left unmatched
- Drafts never submitted
- Customer payments not allocated
- Suspense accounts that never clear
How TaxMate helps
What You Get in TaxMate
Bank Reconciliation
Match imported bank statement lines to payments, with unmatched lines counted on the dashboard.
Ledger Health Checks
Trial balance, suspense, receivables and payables control accounts, and stock against the ledger.
Accountant Queues
Drafts to submit, unallocated payments, unmatched bank lines and invoices 60+ days late.
FAQ
Common Questions
Can I lock a month once it is closed?
Yes. The period lock stops changes, and any posting dated in a locked period is flagged.
Does it handle depreciation and accruals?
Yes. The fixed asset register posts monthly depreciation, and journals handle prepaids, accruals and provisions such as end-of-service gratuity.
Related Solutions
File VAT returns with confidenceVAT 201 built from your books, split by emirate and checked against the ledger.Prepare for Corporate TaxBooks kept to Corporate Tax standard, with a worksheet, related parties and a UBO register.CA and accounting firmsClient books, VAT review, e-invoicing onboarding and a partner programme.
See all solutionsBe E-Invoicing Ready Before Your Deadline, Not on It
See TaxMate with your own invoices in a 30-minute demo.