End of Month Close

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

111 hrs
Time saved/month
13
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

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.

4 reasons to map this process

1

It's completely free

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2

You get a complete build plan

A visual process map, automation spec, delivery timelines, and everything needed to build it, customized to your workflow and tools.

3

You see your real numbers

Custom pricing, ROI projection, and payback timeline based on your actual process, not industry averages.

4

There's no obligation to build

Your build plan stays in your workspace with no expiry. Move forward whenever the timing is right.

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Frequently asked questions

Everything you need to know before mapping this process.

This template is a starting point based on how other businesses handle this type of work. When you map your process, you describe exactly how your team does it and the automation is built around your workflow, not a generic template.

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Estimated Time Saving
111hrs/month
Process pain:8.2/10
Mapped by:13 Companies

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