Month/Quarter/Year End Procedures
Following is a checklist of items that should typically be completed monthly, quarterly and annually. The frequency of these procedures may vary by organization.
Monthly
- Joint Investment Allocation (If statements are provided monthly)
- Bank Reconciliation
- Fund Fee Assessment (If fees are assessed monthly)
- Limit Posting Dates
quarterly
- Joint Investment Allocation (If statements are provided quarterly)
- Fund Fee Assessment (If fees are assessed quarterly)
annually
- Fund Fee Assessment (If fees are assessed annually)
- Spendable Allotment
- Close Accounting Periods / Net Assets
- Copy Budget