Close Status Dashboard

---
name: close-management-close-status-dashboard
description: 'Sub-skill of close-management: Close Status Dashboard (+3).'
version: 1.0.0
category: business
type: reference
scripts_exempt: true
---

# Close Status Dashboard (+3)

## Close Status Dashboard


Track each close task with the following attributes:

| Task | Owner | Deadline | Status | Blocker | Notes |
|------|-------|----------|--------|---------|-------|
| [Task name] | [Person/role] | [Day T+N] | Not Started / In Progress / Complete / Blocked | [If blocked, what's blocking] | [Any notes] |


## Status Definitions


- **Not Started:** Task has not yet begun (may be waiting on dependencies)
- **In Progress:** Task is actively being worked on
- **Complete:** Task is finished and has been reviewed/approved
- **Blocked:** Task cannot proceed due to a dependency, missing data, or issue
- **At Risk:** Task is in progress but may not meet its deadline


## Daily Close Status Meeting (Recommended)


During the close period, hold a brief (15-minute) daily standup:

1. **Review status board:** Walk through open tasks, flag any that are behind
2. **Identify blockers:** Surface any issues preventing task completion
3. **Reassign or escalate:** Adjust ownership or escalate blockers to resolve quickly
4. **Update timeline:** If any tasks are at risk, assess impact on overall close timeline


## Close Metrics to Track Over Time


| Metric | Definition | Target |
|--------|-----------|--------|
| Close duration | Business days from period end to hard close | Reduce over time |
| # of adjusting entries after soft close | Entries posted during management review | Minimize |
| # of late tasks | Tasks completed after their deadline | Zero |
| # of reconciliation exceptions | Reconciling items requiring investigation | Reduce over time |
| # of restatements / corrections | Errors found after close | Zero |