Workflow · Record-to-report

Month-end close

Getting from period end to a signed-off close you can defend.

What this workflow covers
Close calendar and tasks, accruals, reconciliations, journal review, variance analysis and sign-off.
Where it starts and ends
Starts at period end. Ends when the controller signs off.
Where time and errors usually go
Reconciliations that start late. Intercompany balances that don't agree. Manual journals reviewed in a rush. Variance notes written the night before review.

Improvements you can try inside this workflow

Each step lists the use cases that fit it.

1
Run close calendar and assign tasks
1 use case for this step: Run close calendar and assign tasks
2
Post accruals and prepayments
What's involved (1)
- Estimate unbilled supplier costs
2 use cases for this step: Post accruals and prepayments
3
Reconcile balance sheet accounts
What's involved (2)
- Reconcile bank accounts
- Reconcile intercompany balances
3 use cases for this step: Reconcile balance sheet accounts
4
Review journal entries
What's involved (1)
- Flag unusual manual journals
1 use case for this step: Review journal entries
5
Analyze period-on-period variances
1 use case for this step: Analyze period-on-period variances
6
Sign off the close
2 use cases for this step: Sign off the close

How we rate AI at each step

Each company rates every step on this scale. Open a company to see its level at each step.

Use cases for this workflow, rated so you know what to do first.