About This Automation
Financial reporting means reconciling accounts, building statements, and packaging results for stakeholders every close cycle. Doing this by hand across spreadsheets and accounting records is slow and prone to entry errors that surface only after distribution.
An automated version reconciles transactions, generates the statements from a single source of truth, and flags variances before a package is built. Reports reach stakeholders faster with fewer corrections and a clearer audit trail.
Top friction points when done manually
The issues teams report most often with this process
Automation readiness
How well-suited this process is for automation
How The Automation Works
The full workflow, from trigger to completion.
Automation starts automatically on the first business day after each period closes, or on a set weekly cadence for flash reporting.
Pulls bank and credit card transactions, matches them against the ledger, and flags uncoded items.
Stages the reconciled trial balance and any flagged exceptions for the statement-building step.
Generates the P&L, balance sheet, and cash flow statement from the reconciled trial balance using the standard templates.
Compares the new statements against last month and budget, flags anything over the set threshold, and drafts the board package.
Controller checks any flagged variances and approves the package before it goes out.
Sends the approved statements and board package to the owner, investors, or board members.
Notifies the finance channel that the month's report is live and where to find it.
Most popular tool stack used
— the complete tool combinations companies use
QuickBooks Online
Microsoft Excel
Google Slides
Gmail
Google Sheets
SlackWhat 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
Every scenario checked and signed off before the automation goes live.
Recommended for you
Other high-impact processes teams commonly map alongside this one.
Frequently asked questions
Everything you need to know before mapping this process.
Map this to your business to get your exact numbers.
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