Performing month-end tasks

Month-end procedures usually are performed at the end of every month, but they can be done at any time during the month. The key to success is to perform these tasks regularly. Some tasks need to be performed at a specified time every month. Consult your accountant if you're unsure which of these tasks are required for your business.

• Reviewing and printing your trial balance

• Reviewing and adjusting budgets

• Reviewing cash flow

• Reviewing items' order status

• Purging information that's no longer needed

• Reconciling bank accounts

• Using statements downloaded from the Internet

• Paying payroll taxes

• Other month-end procedures

• Closing accounting periods