Record to Report, the AI-Assisted Close
Transactions are categorized as they land, bank accounts reconcile, a structured 6-step close posts real journal entries (accruals, depreciation, FX, revenue), and statements and FP&A read straight off the result. Close-readiness is scored so you know what is blocking the close before you start it.
Illustrative product view
From a raw transaction to a signed-off statement
Record to report is usually a relay across a bookkeeper, a spreadsheet, and a reporting tool, with a week of reconciliation in the middle. Fintra keeps it on one ledger: transactions are categorized as they arrive, accounts reconcile against the feed, a structured close posts the period-end entries, and the statements and FP&A are just views of the same posted numbers. The close is a checklist that does work, not a status you update by hand.
The close, step by step
- 1
1 · Categorize
Agentic bookkeeping drafts a category and treatment for each transaction as it lands. A human approves; nothing posts silently.
- 2
2 · Reconcile
Bank and card feeds are matched against the ledger so the cash position is trusted before the close begins.
- 3
3 · Post period-end entries
The 6-step close posts real journal entries: accruals, prepaid amortization, depreciation, and FX revaluation, each balanced and traceable.
- 4
4 · Score readiness
A close-readiness score surfaces what is still blocking the close (unreconciled accounts, unposted accruals) so you fix the blockers first.
- 5
5 · Report
Statements and FP&A read directly off the posted ledger, so the report and the books can never disagree.
Why the report cannot drift from the books
- The close posts real, balanced journal entries into the same general ledger, not adjustments in a separate reporting layer.
- Statements, flux analysis, and FP&A are views of that ledger, so there is no export to keep in sync.
- Close-readiness is scored before you start, so the close is planned against real blockers instead of discovered mid-way.
- Every posted entry carries its trace, so a reviewer can see why an accrual or a revaluation was booked.
What the close does, and does not, do yet
Frequently asked questions
What is a record-to-report workflow?
It is the path from a raw transaction to a finished financial statement: categorization, reconciliation, a period-end close that posts journal entries, and the statements and FP&A that read off the result. Fintra runs it on one ledger so the report cannot drift from the books.
Does the AI close post real journal entries?
Yes. The structured 6-step close posts real, balanced entries for accruals, prepaid amortization, depreciation, and FX revaluation into the same general ledger. A human approves the consequential postings; it is an assisted close, not lights-out.
What is close-readiness scoring?
A score computed before you start the close that surfaces what is still blocking it, such as unreconciled accounts or unposted accruals, so you clear the blockers first. It is a heuristic to guide the work, not a controls attestation.
Can it consolidate multiple entities?
The single-entity close, reconciliation, and period-end entries are real today. Multi-entity intercompany elimination is on the roadmap rather than shipped, so cross-entity consolidation is not fully automated yet. We would rather say so than over-claim.
How is this different from a bookkeeper plus a reporting tool?
Those are separate steps with an export between them to reconcile. Here categorization, reconciliation, the close, and the reports all sit on one ledger, so the statement you hand the board is a view of the same posted numbers, not a re-keyed copy.
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