Build the close checklist
Period Close Readiness focuses on period close approvals, reports, reconciliations, exports, unresolved exceptions, and manager signoff. In AWRA, finance control works best when operational activity, accounting records, tax treatment, approvals, attachments, and reports stay connected.
The practical goal is trust. Finance users should know where a number came from, which source module created it, who reviewed it, and what evidence supports the balance, tax, payment, budget, or close decision.
In practice, finance reviews open approvals, unmatched payments, aged receivables, inventory valuation, tax reports, and unresolved exceptions before locking the month.
Period close path
Cutoff
Period dates and scope are confirmed.
Review
Reports, approvals, tax, and reconciliations are checked.
Resolve
Open exceptions receive owners.
Export
Close evidence is preserved.
Signoff
Manager approves close readiness.
Finance model
- Finance reports should trace back to source records and review decisions.
- Tax, budget, and accounting setup choices affect many downstream reports.
- Attachments and review notes make balances defensible during audit or close.
- Exceptions should be owned before they become reporting noise.