Books closed, numbers you can read
Month-end close and reporting
Finbryn closes AU businesses' books each month against source documents, then turns the result into management reports, KPI dashboards, board packs and budget-to-actual reviews built around your July to June financial year. Bookkeeping runs in Xero, MYOB or QuickBooks Online, checked in senior principal review before it reaches you.
Management report
Illustrative client · August 2026
AUD
| Line | Aug | Jul | |
|---|---|---|---|
| Revenue | 142,380 | 131,904 | +10,476 |
| Cost of sales | (51,260) | (48,115) | (3,145) |
| Gross profit | 91,120 | 83,789 | +7,331 |
| Payroll | (46,300) | (45,900) | (400) |
| SoftwareNoted | (6,480) | (5,490) | (990) |
| Rent | (8,000) | (8,000) | 0 |
| Other operating | (9,215) | (9,870) | +655 |
| Net income | 21,125 | 14,529 | +6,596 |
Reviewer's note
Software is up on last month after two seats were added mid-month. Revenue includes one milestone invoice that will not repeat next month.
Illustrative. An example of the document, not a client's figures.
What a monthly close looks like for an AU business
Your financial year runs from 1 July to 30 June, but the close itself is monthly: every bank, card and loan account reconciled to its statement, GST and payroll accruals booked for the period, and the trial balance reviewed line by line before the month is marked final. We work inside Xero, MYOB or QuickBooks Online, whichever your business already runs on.
Built around the AU reporting calendar
Quarterly BAS due dates (28 October 2026, 28 February 2027, 28 April 2027 and 28 July 2027 for the 2026-27 year) and Single Touch Payroll's pay-run reporting both depend on books that are already closed, not reconstructed the week before. From 1 July 2026, Payday Super requires compulsory super contributions, currently 12% of qualifying earnings, to reach an employee's fund within seven business days of payday, which changes how payroll accruals and cash timing show up in the close.
From closed books to numbers you can act on
Once the month is closed we build whatever the business needs: a management report with a plain-English narrative, a KPI dashboard tracking five to eight numbers, a board pack timed to your meeting schedule, or a budget-versus-actual review that explains the variance instead of just showing it. Company tax provisioning uses the base rate entity rate of 25% or the standard 30% rate depending on turnover and passive income, so the close lines up with what shows at tax time.
Review before it reaches you
Every close goes through senior principal review before it reaches you, with a named pod and a recorded handover memo whenever anything changes. Terms are set out in your engagement letter, prices are published on the pricing page, and you keep ownership of the Xero, MYOB or QuickBooks file the whole time.
Getting started
We can join mid-year against your existing chart of accounts, or start clean at the beginning of the financial year on 1 July. See how it works for the first-month timeline, or book a call to talk through your close calendar.
All services
Month-end close and reporting: every service
- Month-end closeA repeatable monthly close that ties every account back to source records and hands you a finished set of financials on a predictable date each month.
- Management reportsMonthly profit and loss, balance sheet and cash flow packaged with a plain-English narrative so the numbers explain themselves before anyone has to ask a question.
- KPI dashboardsA small set of metrics that actually run the business, tracked month over month in one place instead of scattered across spreadsheets.
- Board packsA board-ready package built from the same numbers as your monthly close, delivered on a schedule that leaves you time to read it before the meeting.
- Budget vs. actualActual results lined up against the budget every month, with the gap explained in plain language rather than left for you to work out on your own.
- Variance analysisA closer look at why a number moved: price, volume, timing or a one-off, so a variance on a report turns into an answer instead of a question.
- AccrualsExpenses and revenue recorded in the period they actually happen, even when the invoice or cash has not moved yet, so the month's numbers reflect that month's activity.
- Cash flow statementsA statement of cash flows built from your actual accrual books, showing where cash came from and went across operating, investing and financing activity.
Questions
Frequently asked questions: Month-end close and reporting
Does the close follow our July to June financial year?
Yes. The monthly close calendar is set against your July to June financial year and against your BAS reporting periods, whether you lodge quarterly or monthly.
Do you lodge our BAS or income tax return as part of the close?
No. We prepare the books and the reporting behind them. BAS and income tax return lodgement is handled by your appointed adviser.
How does Payday Super show up in a monthly close?
From 1 July 2026, compulsory super contributions have to reach an employee's fund within seven business days of payday. The close reconciles that contribution against the payroll accrual for the period rather than treating it as a separate item.
Can you work in MYOB as well as Xero?
Yes. We close and report from Xero, MYOB or QuickBooks Online, whichever your business already runs on, and the file stays yours the whole time.
What is not included in month-end close and reporting?
We close the books and build the reports; we do not lodge BAS, file tax returns or make strategic decisions on your behalf. Interpreting what a report means for a specific decision sits with you or a virtual CFO engagement.
How quickly after month end do we get the reports?
Once source documents and bank feeds for the month are complete, reports are typically ready within five to seven business days, timed so they land before your next BAS review, not after.
Who signs off on the reports before they go to us or a board?
You do. We prepare and deliver the pack; final review and any figure shared externally, such as with a lender or investor, is confirmed by you before it leaves your hands.
What access and software do we need for this?
Your existing Xero, MYOB or QuickBooks Online file plus read-only bank feeds. Dashboards and board packs are built inside tools that connect to that file rather than a separate system you have to maintain.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.