Period close checklist
Reports & VAT
Practical steps before approving month or quarter reports.
Goal
Confirm sales, purchases, stock, VAT, and journals are complete before sharing reports.
Checklist
Work in an order that fits your business:
- Finish sales/purchase invoices and receipts/payments for the period.
- Review and categorize expenses.
- Apply a stock count if you use periodic inventory or need variance cleanup.
- Post remaining manual journals and adjustments.
- Open the VAT summary with the same period dates.
- Review P&L, trial balance, and key account statements.
Sign-off pack
Save/export: VAT summary, P&L, trial balance, and the VAT ledger statement if your accountant asks.
Related articles
Inventory & counts
Apply a stock count
Count quantities, apply, and understand journals by inventory method.
Reports & VAT
VAT summary: periods and reading
How to pick dates and why the report can look empty when movements exist.
Reports & VAT
Profit & loss report
Revenue, expenses, and net profit from the ledger.
Reports & VAT
Trial balance
Opening, period movement, and closing for every account.
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