Monthly Close Checklist
A guided checklist ensures nothing is missed. Review pending transactions, run depreciation, reconcile banks, and verify balances before closing.
- Step-by-step close checklist
- Status tracking per step
- Pending transaction review
- Balance verification before close
Period Locking & Provisions
Lock closed periods to prevent backdating. Run bad debt provisions (aging-based or specific), and amortize prepaid expenses on schedule.
- Soft close and hard lock
- Bad Debt Provision (aging-based or specific)
- Bad Debt Write-Off
- Prepaid Expense amortization schedules
Year-End Closing
Post year-end closing entries that transfer P&L balances to Retained Earnings. Set up the new fiscal year with Balance Sheet carryforward.
- Closing entries to Retained Earnings
- New fiscal year setup
- BS balance carryforward
- FX Revaluation with auto-reversing entries
All 12 Accounting Modules
Each module integrates seamlessly with your general ledger.