A Month-End Close That’s Already Half Done
Run the close on a shared checklist with owners, sign-offs, and reconciliations - on a ledger that’s already current, so closing is a review instead of a rebuild.
Illustrative product view
What close management in Fintra does
A close falls apart in the coordination, not the accounting: who owns the accrual, whether the bank rec is done, which version of the checklist is current. Fintra runs the close as a shared, tracked workflow - every task has an owner, a status, and a sign-off, and the reconciliations and evidence live on the task itself. Because it runs on a ledger that’s already current, the close is a review of finished work rather than a scramble to catch up.
- A shared close checklist with an owner and due date on every task
- Task sign-offs so the close status is a fact, not a Slack thread
- Account reconciliations attached to the accounts they clear
- Evidence captured as work happens, ready to hand to an auditor
Core capabilities
| Capability | What it does | What it replaces |
|---|---|---|
| Close checklist | Tracks every close task with owner, due date, and status | A recurring spreadsheet checklist |
| Sign-off tracking | Requires explicit sign-off to mark a task complete | “I think that’s done” status updates |
| Reconciliations | Attaches account recs to the accounts they clear | Recs in scattered workbooks |
| Evidence capture | Stores support on each task as it’s completed | Pre-audit evidence hunts |
| Continuous close | Keeps the ledger current so month-end is a review | A multi-week catch-up close |
How the close workflow runs
From period open to signed-off close
- 1
Open the period
Fintra generates the close checklist from your template, assigning each task to its owner with a due date.
- 2
Work the tasks
Owners complete reconciliations, review accruals, and clear exceptions directly on each task, attaching support as they go.
- 3
Reconcile accounts
Balance-sheet accounts are reconciled against source data; reconciling items over a threshold are flagged for review.
- 4
Review and sign off
A reviewer signs off each task; the close can’t be marked complete while any required sign-off is missing.
- 5
Lock and archive
The period is locked, and the checklist, reconciliations, and evidence are archived as the audit-ready record.
Evidence and audit-readiness
The close is where audit evidence is created, so Fintra captures it in place rather than reconstructing it later. Each completed task carries its support - the reconciliation, the approval, the workpaper - and the SentriAI-powered audit trail records who did what and when. When the auditor asks how June was closed, you export the period instead of rebuilding its story.
What each closed period preserves
- Every close task with its owner, completion time, and sign-off
- Reconciliations attached to the accounts they cleared
- Support and workpapers stored on the tasks that produced them
- The audit trail of approvals and any reopened or adjusted entries
How it connects to the rest of Fintra
- The AI general ledger keeps the books current, so the close starts ahead
- Bill pay, payroll, expenses, and equity post in-period without re-keying
- Compliance controls and evidence collection run alongside close tasks
- A clean close feeds accurate budget vs actuals and the next forecast
Frequently asked questions
What is a continuous close and how is it different from a month-end close?
A traditional close catches the books up after the period ends; a continuous close keeps them current all month so month-end is a review. In Fintra, transactions are categorized and approved as they arrive, so when you open the close checklist the ledger is already current and closing becomes reconciliations and sign-offs rather than a rebuild.
Does Fintra track who owns and signs off each close task?
Yes. Every task on the close checklist has an assigned owner, a due date, and a status, and completing it requires an explicit sign-off. The period can’t be marked closed while any required sign-off is missing, so close status is a verifiable fact rather than an optimistic message in a chat thread.
How does Fintra handle account reconciliations during the close?
Reconciliations are attached to the accounts they clear, and balance-sheet accounts are reconciled against source data as part of the checklist. Reconciling items above a threshold you set are flagged for review, so material differences get attention while immaterial ones don’t stall the close.
Will the close give me what an auditor asks for?
That’s the design goal. Evidence is captured on each task as work happens - reconciliations, approvals, workpapers - and the audit trail records who did what and when. At audit time you export the period’s checklist and support instead of reconstructing how the month was closed after the fact.
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