What Is Month-End Close? A Step-by-Step Walkthrough for AP and Accounting Teams

Month-end close is the structured sequence of activities that turns raw transactions into reliable financial statements. For construction companies, the close has a dozen more steps than for most businesses — pay-app timing, WIP updates, retainage accruals, and estimate revisions all have to happen in order. Here is what the close actually is, the typical five-day rhythm, and where AP fits into it.