Monthly Close Checklist

Close each month in about 15 minutes: clear pending items, check balances, then export your reports. Do it in the first week of the following month.

1. Refresh your data. On Bank Accounts, click Refresh transactions so the last days of the month are imported from your banks and Stripe.
2. Clear Pending review. Open Transactions > Pending review, filter the dates to the month you are closing, and confirm every transaction (see Managing Transactions). The goal is zero pending.
3. Check transfers. Open the Transfers tab. Every transfer should be linked. Fix any wrong pair with Not a transfer (see Transfers Awaiting Their Pair).
4. Compare balances. On Bank Accounts, compare In Fynance with Bank balance for each account. They should match. If not, see My Balance Doesn't Match My Bank.
5. Review invoices. On Invoices, check Awaiting payment and Overdue. Follow up with clients who have not paid.
6. Review the Profit & Loss. In Reports, pick the month in the Full Year dropdown. Look for categories that seem too high, too low or missing, and fix the transactions behind them.
7. Export. Download the Profit & Loss and Balance Sheet as PDF or Excel and save them in your records.

Ask Fyn "What is still pending for last month?" to get a quick list before you start.