What is monthly close?
The recurring set of procedures a company follows to finalize its accounting records for each month. Creating monthly close procedures is part of the financial infrastructure a controller develops for a growing organization.
Where you will use it: this term comes up in the Applied AI for Finance and Accounting course, and the full course glossary collects every term in one place.
Related terms
From the free Applied AI for Finance and Accounting course by Devon Coombs, CPA, MBA.