LEVEL 1 (No dependencies — can start immediately at T+1):
├── Cash receipts/disbursements recording
├── Bank statement retrieval
├── Payroll processing/accrual
├── Fixed asset depreciation run
├── Prepaid amortization
├── AP accrual preparation
└── Intercompany transaction posting

LEVEL 2 (Depends on Level 1 completion):
├── Bank reconciliation (needs: cash entries + bank statement)
├── Revenue recognition (needs: billing/delivery data finalized)
├── AR subledger reconciliation (needs: all revenue/cash entries)
├── AP subledger reconciliation (needs: all AP entries/accruals)
├── FX revaluation (needs: all foreign currency entries posted)
└── Remaining accrual JEs (needs: review of all source data)

LEVEL 3 (Depends on Level 2 completion):
├── All balance sheet reconciliations (needs: all JEs posted)
├── Intercompany reconciliation (needs: both sides posted)
├── Adjusting entries from reconciliations
└── Preliminary trial balance

LEVEL 4 (Depends on Level 3 completion):
├── Tax provision (needs: pre-tax income finalized)
├── Equity roll-forward
├── Consolidation and eliminations
├── Draft financial statements
└── Preliminary flux analysis

LEVEL 5 (Depends on Level 4 completion):
├── Management review
├── Final adjustments
├── Hard close / period lock
├── Financial reporting package
└── Forecast updates

Cash/AP/AR entries → Subledger reconciliations → Balance sheet recs →
  Tax provision → Draft financials → Management review → Hard close