Month end close: checks, management pack, commentary, distribution
Pulls the trial balance and subledgers, runs the close checks a reviewer would tick by hand, drafts the commentary and distributes the pack, or blocks it and says why.
The problem it solves
The close is late because the checks live in one person's head and the pack is assembled by hand the night before. When something is wrong nobody finds out until the owner reads the numbers.
What it does
- Runs on the second working day or on demand. Pulls this month's and last month's trial balance and the close data from the accounting system.
- Seven checks decided by rule against a materiality figure: trial balance balances, bank reconciled, supplier invoices posted, suspense cleared, VAT control agrees, fixed asset register agrees to the ledger, receivables over 90 days reviewed.
- Builds the P&L this month against last month with the change on every line, and an AI step drafts the commentary from those figures and the check results.
- Renders the management pack workbook (P&L, close checks, commentary).
- If any check failed the close is BLOCKED and the finance channel gets the list; otherwise the pack goes to Slack and by email to the owner.
How it was tested
- Sample period with a bank item open 12 days, unposted invoices over materiality and a suspense balance: the run correctly blocks and names all three.
Screens
Who it is for
Any business whose owner waits for the numbers, and any finance team closing by hand.
See it running on a call → hamza.jamal@finamatik.com
Built and tested on sample data before any live credential is connected. Every system Finamatik ships is adapted to the client's own tools and owned by the client outright.