A budget/planning system can identify "unexpected" items either present or absent. Identify major risks which may require evaluation for liability accruals. Income tax accrual asset/liabilitiy reclassifications are done annually at year-end. We identify and establish during the month key data flows to minimize unexpected items arising in the close. Close the books with less runaround. Share this sheet with your accounting team to easily manage your financial month end process and keep everyone on schedule. Use the sheet for monthly, quarterly, and annual tasks. The end of the fiscal year moves one day earlier on the calendar each year (or two days when there is an intervening leap day) until it would otherwise reach the date four days before the end of the month (August 27 in this case) or earlier. At that point the first Saturday in the following month (September 3 or earlier in this case) becomes the date closest to the end of August and it resets to that date and the fiscal year has 53 weeks instead of 52. The Software Product and any related documentation are provided "As Is." SpreadsheetShoppe makes no warranties, express or implied, and expressly disclaims all representations. Read the complete End User License Agreement here.