Create a more structured month-end close with reconciliations, supporting schedules and management-ready accounting records. CorporateWalla can support businesses with monthly close checklists, ledger review, bank and balance reconciliations, AR/AP review, accrual support and financial reporting handoffs.
Month-end closing is the process of reviewing and completing accounting records for a reporting period before management reports or financial statements are prepared.
A close process may include bank and ledger reconciliations, receivable and payable review, inventory checks, accruals or prepayments where appropriate, fixed-asset schedules and other period-end procedures. The exact close checklist depends on the business, accounting framework and reporting requirements.
Depending on the business:
Focus may include customer billing, receivables, payroll, contractor costs, accruals and project-related expenses.
Close may require marketplace/payment-gateway reconciliation, inventory-related records, refunds, returns and store/channel reporting.
The close can include production and inventory data, WIP, material consumption and manufacturing-cost schedules where relevant. See also inventory accounting.
The close may include entity-level reconciliations, intercompany balances and group reporting schedules, depending on the engagement.
A month-end close is an accounting process, not automatically an audit or independent assurance engagement. Completion of a close checklist does not guarantee that all errors, fraud, tax issues or financial risks have been identified.
The treatment of accruals, provisions, depreciation, revenue, inventory and other balances depends on the applicable accounting framework and facts. There is no universal month-end journal-entry policy.
Tax/GST filings, statutory audit, tax audit, valuation and certification are separate services unless specifically included in an engagement.
Month-end close support is scope-based. Pricing depends on transaction volume, number of entities/accounts, reporting frequency, reconciliation requirements, complexity of schedules and whether ongoing bookkeeping is also included.
Pick the speed and depth that matches your need. Same quality, same CA team — only the timeline changes.
Timeline: Quoted on accounts and reconciliations
Timeline: Quoted on transaction volume and schedules
Timeline: Quoted on entities and reporting frequency
Every price above is a professional fee, excluding GST and government charges. 50% on delivery.
Month-end close support is customised to your accounting volume, reporting requirements and close process. The quote depends on transaction volume, number of entities and accounts, reporting frequency, reconciliation requirements, complexity of schedules and whether ongoing bookkeeping is also included.
Define the reporting cut-off, responsibilities and required schedules.
Identify expected sales, purchases, expenses, payroll and other period activity.
Reconcile banks, payment accounts, customer/vendor balances and other relevant accounts.
Prepare agreed accrual, prepaid, fixed-asset, inventory, loan or other supporting schedules.
Investigate unusual balances, suspense accounts and significant movements.
Review the period-end trial balance for agreed checks and reporting requirements.
Prepare or hand off the agreed monthly reports and supporting schedules.
Document unresolved items and carry them forward where appropriate.
Tell us your requirement, a CA will call you in 30 minutes.
Defined cut-off dates, responsibilities and required schedules so different teams close on the same basis.
Banks, payment accounts, customer and vendor balances and other relevant accounts reconciled each period.
Accrual, prepaid, fixed-asset, inventory and loan schedules prepared to an agreed format rather than ad hoc.
A reviewed trial balance and supporting schedules handed off for monthly MIS or financial reporting, with open exceptions documented.
From ₹2,499 • Monthly
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From ₹4,999 • Monthly
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Custom quote • Scope-based
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From ₹7,999 • Scope-dependent
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Custom quote • Scope-based
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From ₹9,999 • Monthly
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Custom quote • Monthly
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Custom quote • Scope-based
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From ₹14,999 • Scope-based
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