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Do month-end reviews to finish your clients' open tasks

Learn what to review every month for each of your clients in QuickBooks Online Accountant.

With so much going on for every client, it can be hard to stay on top of everything. Use the month-end review tool to finish specific tasks in each clients' QuickBooks Online accounts every month.

The month-end review tool focuses on common yet tricky bookkeeping areas: incomplete transactions, reconciliations, and account balances. It lists key tasks so you can quickly tie up any loose ends and prioritise work. You can even create your own custom tasks to review.

Step 1: Start a month-end review

Do month-end reviews for each of your clients, one at a time.

  1. Open a client's QuickBooks Online account.
  2. Select Month-end review. You can also select Accountant Tools and then Month-end review.
  3. Select Edit ✏️  next to the date to review a different month. By default, month-end reviews are for the previous month.

Tasks are divided into three sections. Follow the tabs in order. Start with the Transaction review tab. Then move on to the Account reconciliation and Final review tabs.

Step 2: Fix incomplete transactions

The Transaction review tab shows transactions with missing or incorrect info. QuickBooks flags uncategorised transactions, transactions without payees, and unapplied payments.

If data is missing, you'll see a blank line in the column. Select a transaction to open it and make corrections.

Tip: Want to go the extra mile? Go to the Additional items section. These are common tasks many top accounting firms do every month. Use them as part of your review. To create your own monthly tasks, select + Add.

Step 3: Finish reconciling accounts

Move on to the Account reconciliation tab. This lists accounts you need to reconcile.

Select an account to start reconciling it. Use the info in each column as a guide so you know you how much work needs to be done. Outstanding transactions appear in the Unreconciled columns.

Tip: Are there other accounts that cause reconciliation issues? Go to the Additional items section and select + Add. Make a note so you check these accounts each month.

Step 4: Check account balance issues

Finish your review in the Final review tab. This lists the financial reports you should check every month. Select Review to open a report. QuickBooks automatically filters reports for the month you select.

Tip: These are reports most accountants check every month. If you want to add others, select + Add.

Step 5: Review month-end review progress

You can easily check the status of current month-end reviews for each of your clients:

  1. In QuickBooks Online Accountant, go to the Clients menu.
  2. Select the Bookkeeping tab.
  3. Review the status of the Month-end review column.
  4. Select the icon in the Month-end review column to see which tasks are finished or open.

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