End of Month Close

Q: Can the automation handle multiple bank accounts and currencies?

Yes, the automation consolidates feeds from all your bank accounts and applies matching logic across all of them. Multi-currency transactions are supported if your accounting system handles them.

Q: Will existing close data and prior-month reconciliations be affected?

No, the automation works with your current accounting system and historical data remains unchanged. You can run the automation alongside your manual process during a transition period.

Q: How much human review is still needed after automation runs?

Your accountant reviews flagged variances and approves the final reports, typically 30 minutes of work instead of 210 minutes. The finance manager still signs off on the close as usual.

Q: What if our close process includes custom adjustments or accruals?

Period-end adjustments and accruals are configured during setup so the automation applies them automatically. Your accountant can still add manual adjustments if needed before final approval.

Automated month-end close cuts reconciliation time and gives finance teams clean numbers sooner.

356 hrs

Manual time identified

Companies have mapped

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About This Automation

End of month close requires manually matching hundreds of bank transactions to ledger entries, investigating variances, and building financial reports. This process is time-consuming, error-prone, and delays financial visibility by days.

Automation matches transactions automatically, flags exceptions for review only, and generates formatted financial statements in minutes. the team gains same-day close capability and eliminates manual reconciliation work.

Key features:

Match bank transactions to ledger entries automatically using fuzzy logic on amount, date, and description

Flag unmatched items and suggest corrections based on historical transaction patterns

Generate formatted income statement, balance sheet, and cash flow reports directly from trial balance data

Apply period-end adjustments and accruals without manual entry

Consolidate all bank feeds and reconciliation data into a single close package for review

Data insights How it works Apps used What you get FAQ

Top friction points when done manually

The issues teams report most often with this process

#	Friction point	Companies Report This
1	Manual transaction matching Comparing hundreds of bank transactions to ledger entries by hand is time-consuming and error-prone.	80%
2	Variance investigation delays Researching unmatched items and contacting customers or vendors extends the close timeline significantly.	67%
3	Manual report building Constructing income statement, balance sheet, and cash flow reports in spreadsheets requires formatting and verification.	53%
4	Data consolidation overhead Gathering bank feeds, ledger data, and AR records from multiple sources creates duplication and inconsistency.	40%
5	Sign-off bottleneck Finance manager review and approval of all reconciliations and reports cannot begin until all manual work is complete.	26%

Disclaimer

Automation readiness

How well-suited this process is for automation

Process Pain Score™

8.4/ 10

AI Fit Rating™

9.1/ 10

Automation Lift Index™

8.7/ 10

Hidden Overhead™

7.3/ 10

How The Automation Works

The full workflow, from trigger to completion.

1. Month-End Close Initiatedtrigger

The automation is triggered on the last business day of the month or manually by the finance team.

2. Fetch Bank Feeds

The automation downloads transaction data from all connected bank accounts and imports them into the accounting system.

3. Match Transactions

An intelligent compares bank transactions against ledger entries and accounts receivable records, flagging unmatched or suspicious items.

4. Generate Variance Report

The automation creates a detailed variance report listing all unmatched transactions and exceptions, with suggested corrections.

5. Reconcile Accounts

The automation reconciles each bank account in the accounting system and marks matched transactions as cleared.

6. Build Close Reports

The automation generates income statement, balance sheet, and cash flow reports directly from the trial balance.

7. Notify Finance Team

A notification is sent to the finance manager with the close package, variance report, and a link to review and approve.

Most popular tool stack used

— the complete tool combinations companies use

52% of companies

31% of companies

16% of companies

Disclaimer

What you get when you map this process

Everything you need to understand, plan, and build your automation.

ROI and business case

What this process costs today and what changes once it's automated.

Launch schedule

What gets built, in what order, and what success looks like once it's live.

Process runbook

How the automation runs day to day, including exceptions and human decision points.

Developer handover pack

Full build spec, logic, and configuration — ready to hand off without a briefing call.

Integration and connections guide

Every tool connection, credential, and data mapping the build needs.

Test and QA plan

528 hrsIdentified

4Mapped

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Frequently asked questions

Everything you need to know before mapping this process.

What happens to transactions that don't match automatically?

Unmatched items are flagged with suggested corrections based on historical patterns and presented to your accountant for review. Your team investigates only the exceptions, not every transaction.

Can the automation handle multiple bank accounts and currencies?

Will existing close data and prior-month reconciliations be affected?

How much human review is still needed after automation runs?

What if our close process includes custom adjustments or accruals?

View more FAQs

Process pain:8.4/10

Mapped by:4 Companies

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Page updated 10 August 2026