Audit and Review Readiness
Assess whether your trial balance, reconciliations, schedules, contracts, controls, and prepared-by-client package are ready for external accountants.
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For owners, founders, and finance leaders
Monthly Close Readiness
Assess whether your books close on time with reconciliations, review evidence, and reliable management reports.
5 guided steps
Private in your browser
Official guidance links
Start the free checker
Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
Informational business diagnostic only; not accounting, audit, tax, legal, investment, lending, or valuation advice.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Do your month-end financial statements reach management more than about ten business days after month-end?
A well-run small-business close commonly lands within five to ten business days; beyond that, decisions are being made on stale numbers.
Use the interactive tool above to see how this applies to your situation.
Official guidance: GAO Standards for Internal Control
Are all material bank, credit-card, loan, and clearing accounts reconciled to independent statements before the numbers are released?
An unreconciled cash or debt account is the single most common reason a close runs late and then gets restated.
Standardize the close on a written checklist with a reconciliation gate.
Official guidance: GAO Standards for Internal Control
Does the same person who prepares the close also approve and release it, with no independent review before the statements go out?
A single unchecked preparer is how errors and even fraud slip through; a second set of eyes on the reconciliations and journal entries is a basic control.
Add an independent review layer over the close.
Official guidance: GAO Standards for Internal Control
Do the same accrual, depreciation, prepaid, or allocation entries get rebuilt by hand each month rather than posting from saved templates?
Recurring entries keyed manually are slow and error-prone; templated or automated schedules cut both close time and post-close corrections.
Automate recurring journal entries and schedules. Compress the close timeline with a soft-close and parallel tasks.
Official guidance: GAO Standards for Internal Control
Do late or corrected journal entries regularly land after management has already used the reports?
Repeated post-release adjustments are a reliability problem even when the close is fast; they mean the numbers management acted on were not final.
Standardize the close on a written checklist with a reconciliation gate. Compress the close timeline with a soft-close and parallel tasks.
Official guidance: GAO Standards for Internal Control
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