sachinnagpal.in · Cheat sheet
Month-end close for a toll SPV
A five-day R2R calendar and the ten controls auditors expect. · As of 25 October 2026
Five-day close
| Day | Task |
|---|---|
| WD-2 to 0 | Toll cut-off: plaza system vs acquirer bank credits; bill annual-pass compensation |
| WD 1 | Bank and escrow reconciliations; FASTag settlement differences |
| WD 1 to 2 | Accruals (O&M, power, security, insurance); prepaid amortisation |
| WD 2 | Amortise toll intangible; depreciation; major maintenance provision |
| WD 2 to 3 | Interest accrual; DSRA and MMRA; covenant check |
| WD 3 | Intercompany with HoldCo and InvIT |
| WD 3 to 4 | Balance sheet reconciliations and review |
| WD 4 | Journal register sign-off; TB to Schedule III |
| WD 5 | MIS, budget variance, NDCF (quarter or half-year) |
Ten controls auditors expect
- Daily toll reconciliation: plaza, NETC report and bank
- Annual-pass compensation reconciled weekly to receipts
- Bank and escrow reconciled monthly, no unexplained items
- Every manual journal balanced, supported and approved by someone else
- Balance sheet accounts reconciled and reviewed on time
- Intercompany balances agreed with both sides
- Major maintenance provision re-estimated with the engineer's plan
- Amortisation based on the approved method, reviewed yearly
- DSCR and reserve balances checked against loan covenants
- MSME dues paid within 45 days; TDS deposited on time
Free templates
Bank reconciliation (I), accruals (B), prepaid (A), close checklist (K), intercompany (V), BS reconciliation (X), journal register (W), TB to Schedule III (Y), NDCF (G): sachinnagpal.in/templates