Nonprofit Resources

Simplify and Streamline Your Month-End Closing Process

With the number of tasks that come with closing out each month successfully, it’s no wonder many nonprofit organizations struggle with the process. Some teams find the month-end close process overwhelmingly time-consuming, while others overlook key steps or run into obstacles.

There are many benefits to having a thorough and streamlined month-end close process. This:

• Saves your team time and effort
• Reduces the opportunity for omissions and errors, resulting in more accurate reporting
• Provides your team and your board with an accurate and timely view of the organization’s health each month, so you can quickly spot and address any issues or challenges
• Makes your organization audit-ready at the end of each month, reducing the time and effort spent preparing for a financial statement audit at the end of your fiscal year

If your organization needs assistance with the month-end close process, CapinCrouse can help. Our Month-End Close Solutions can help you identify obstacles that may be affecting your organization’s ability to close out each month quickly and accurately, and then recommend steps to help you overcome them.

Our team will review your processes and help you identify the necessary tasks for a successful month-end close, making the process more efficient, accurate, and timely. This can save you time and effort while providing more useful results.

We offer two solutions meet your organization’s specific needs.

Month-End Close Service

We will work with you to identify how to close each month successfully and set up a system you can use going forward. You will also receive the following resources:

Monthly Closing Checklist of tasks and procedures to complete each month. This covers areas such as bank and investment reconciliations, prepaid expenses, fixed assets, accounts payable, long-term debt, net assets, and more. If your organization already has a checklist, we can review it for missing elements, potential obstacles, and recommended solutions.

Monthly Closing Calendar showing when the items in the Monthly Closing Checklist and other necessary operational tasks should occur.

Month-End Close Toolkit

With this service, you’ll receive the Monthly Closing Checklist, Monthly Closing Calendar, and a one-hour tutorial on how to use these resources.

Our Month-End Close Solutions are designed to improve your financial reporting and audit preparation. Please contact us to learn more.

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