# Infor M3 Month-End Close Checklist for Finance and Logistics > Source: https://netray.co/tools/infor-m3-month-end-close-checklist > Publisher: Netray (netray.co), AI and integration engineering for ERP and manufacturing systems. > Section: Free Tools ## Short answer A practical close checklist for M3 sites covering purchasing, sales, inventory, fixed assets, accruals, FX and period control. ## Category infor-cloudsuite ## Erp Infor M3 ## Audience - Controller - M3 finance consultant - Finance analyst ## Tool **Kind:** checklist **Groups:** #### Purchasing and accounts payable **Items:** **Text:** All supplier invoices received by cut-off are entered and matched **Critical:** true **Text:** Invoice batches are approved and updated to the general ledger **Critical:** true Goods received not invoiced (GRNI) list reviewed and accrued Open purchase order lines with receipts in the period are checked for correct receiving status Supplier statements reconciled for key suppliers Payments run and bank file posting confirmed up to the cut-off date **Text:** AP subledger balance agrees with the control account **Critical:** true #### Sales and accounts receivable **Items:** **Text:** All delivered customer order lines are invoiced or deliberately held **Critical:** true **Text:** Invoicing run completed and updated to the ledger **Critical:** true Deliveries made but not invoiced listed and reviewed Customer payments and cash allocations posted up to the cut-off date Credit notes and returns processed for the period Bad debt and reserve review done **Text:** AR subledger balance agrees with the control account **Critical:** true #### Inventory and production **Items:** **Text:** Pending receipts, issues and stock transfers are completed **Critical:** true Manufacturing orders completed or reported as work in progress, with variances reviewed **Text:** Cycle counts and physical inventory adjustments posted before valuation **Critical:** true **Text:** Inventory valuation run and reconciled to the inventory accounts **Critical:** true Negative stock balances investigated and corrected Standard cost changes approved and dated correctly Scrap, obsolete and slow-moving stock provision reviewed #### General ledger, assets and FX **Items:** Recurring and accrual journals posted and reversal journals scheduled **Text:** Intercompany transactions matched and eliminated **Critical:** true **Text:** Exchange rates for the period loaded and verified **Critical:** true Foreign currency revaluation run and posted Fixed asset depreciation run and reconciled to the asset ledger Allocations and distributions posted Bank and cash accounts reconciled **Text:** Trial balance reviewed and unusual balances explained **Critical:** true #### Period control and reporting **Items:** **Text:** Subledger periods closed in the agreed order **Critical:** true **Text:** General ledger period locked after final review **Critical:** true Management reports and financial statements produced from final data Late adjustments logged and approved with reason Close calendar and lessons learned documented for the next cycle **Scoring Note:** Tick items as you complete them. Critical items must be done before the general ledger period is locked. Local policy and statutory rules may add steps. ## Content **Intro:** A clean month-end in Infor M3 depends on closing the subledgers in the right order and proving each one against the ledger. This checklist groups the steps by function, marks the items that must be done before the period is locked, and exports for use as a close calendar. **Sections:** #### How to use the checklist **Body:** Copy the list at the start of each close, assign an owner to each group, and tick items off as they are finished. Run purchasing, sales and inventory first, then reconcile the subledgers, then post general ledger entries and lock. Export to PDF to keep an audit trail or to Excel to add dates and initials next to each item. #### Why the order matters **Body:** Inventory valuation depends on all receipts, issues and production reporting being complete. Accruals depend on receipts and invoices being cut off consistently. The general ledger lock should come last, after subledgers agree with their control accounts. Closing in a different order tends to generate late adjustments and reopened periods. **Bullets:** - Logistics transactions first - Subledger runs and reconciliations next - General ledger adjustments after that - Period lock and reporting last #### Common mistakes **Body:** Skipping the reconciliation of subledgers to control accounts is the most expensive mistake, because differences found after reporting require rework. Other frequent issues are forgetting to reverse accruals, running revaluation before final rates are loaded, and leaving negative stock unresolved before valuation. Agree a cut-off rule and apply it to every module. **Cta:** If your close takes days of manual reconciliation, we can look at which checks could run automatically against M3 data with a human approving any change. **Faq:** #### Does M3 close all modules at once? **Answer:** No. Subledgers and the general ledger have their own period controls, so you close them in a planned sequence. The checklist reflects a typical order, which you should adapt to your configuration. #### How should GRNI be handled? **Answer:** List receipts without matched invoices at period end and accrue them according to your accounting policy. Reverse the accrual in the following period. Review old items regularly as they often hide errors. #### Can I reopen a period? **Answer:** Usually yes, with the right authority, but it should be exceptional and logged. Frequent reopening means the close sequence or cut-off rules need improvement. #### Is this list enough for statutory close? **Answer:** It covers the operational steps. Statutory, tax and audit requirements vary by country and company, so add local items such as VAT returns, withholding and statutory reporting. ## Search terms m3 month end close, infor m3 period close checklist, m3 financial close steps, infor m3 gl period, m3 inventory valuation close, m3 grni accrual, erp month end checklist --- Talk to an engineer: https://netray.co/contact?intent=erp_ai | Machine catalog: https://netray.co/agent/catalog.json