A Monthly Close Checklist for a Retail and Repair Shop
Close open differences before using monthly numbers to make buying decisions.
By ElectroX Team
Month end is easier when daily checks are done, but a final review still catches unmatched payments and unfinished service work.
## Reconcile balances
Match cash, bank, wallet, customer dues, and supplier payables to their supporting records. Investigate adjustments rather than forcing balances to agree.
## Review stock and jobs
Check high value IMEI units, damaged stock, and parts used on service tickets. Confirm how unfinished repairs and deposits are represented.
## Save a clear snapshot
Document open exceptions, corrections, and who approved them. Share a short summary of margin, cash, and stock movement with the owner.
ElectroX reports and transaction records support the checklist; accounting treatment should follow your accountant's policy.
Cover photo by [Jakub Żerdzicki](https://unsplash.com/photos/a-calculator-sitting-on-top-of-a-pile-of-money-zR7nFjjIAWE) on Unsplash.