Books closed, numbers you can read
Month-end close and reporting
Finbryn runs a monthly close for businesses across the European Union, tying every account to source records before turning it into a profit and loss, a KPI dashboard or a board pack. Prepared in Xero, QuickBooks Online, Exact, Sage or SAP Business One, reviewed by a senior principal, with local statutory filing routed to your appointed local accountant.
Management report
Illustrative client · August 2026
EUR
| 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 month-end close and reporting covers for EU businesses
A close is the monthly discipline that makes every other number trustworthy: a bank covenant, a figure quoted to an investor, the opening balance a local accountant needs at year end. We reconcile every bank, card and loan account to its statement, book the accruals and prepaid entries that belong to the period, update fixed asset and depreciation schedules, and review the trial balance line by line before the month is marked final.
From that closed set of books we build whatever an EU business actually needs to run itself day to day: a management report with a plain-English narrative, a KPI dashboard tracking the handful of numbers that matter, a board pack timed to your meeting schedule, or a budget-versus-actual comparison that explains a gap instead of just showing it.
Working across member states and standards
Businesses trading in more than one EU member state face a genuine mismatch: each country has its own local GAAP, its own statutory chart of accounts and, in some cases, its own filing deadline, while the group as a whole may report to a parent or an investor under IFRS. We keep the underlying transaction detail clean enough to serve both views, prepare month-end schedules that follow IFRS or IFRS for SMEs where a group reports that way, and consolidate entities across member states with intercompany balances eliminated.
Local statutory accounts and any local GAAP certification stay with your appointed local partner, such as a French expert-comptable or a German Steuerberater. Our role is preparation support behind that partner, never the certification itself.
Where the work is done
Northlane Solutions Inc. is the company you contract with, and every file goes through a senior principal review before it reaches you.
Starting point matters
If your EU entities are not yet reconciled month to month, a structured month-end close is the right first step, then layer on management reports or a KPI dashboard. Businesses with entities in several member states should also look at consolidations. The pricing page shows how each layer is priced.
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.
- ConsolidationsMultiple entities, locations or subsidiaries combined into one consolidated set of financials, with intercompany balances eliminated while each entity still reports on its own.
- US GAAP conversionBooks moved from cash basis or another framework onto US GAAP accrual accounting, with every adjustment documented so a lender, investor or auditor can follow the trail.
- IFRS conversionBooks converted between US GAAP and IFRS, or built directly on IFRS, for businesses reporting to an overseas parent, investor or standard-setter outside the United States.
- Revenue recognition (ASC 606 / IFRS 15)Revenue recorded when it is actually earned rather than when cash lands, following the five-step model shared by ASC 606 and IFRS 15, so recurring and multi-part contracts are accounted for correctly.
- Lease accounting (ASC 842 / IFRS 16)Operating and finance leases brought onto the balance sheet as a right-of-use asset and a lease liability, in line with ASC 842 and IFRS 16, with monthly amortization tracked going forward.
- Deferred revenueCash collected before it is earned tracked separately from revenue and released to the profit and loss on the schedule that matches when the work is actually delivered.
- Prepaid schedulesInsurance, software subscriptions and other costs paid up front spread across the months they actually cover, instead of hitting one month's profit and loss all at once.
- 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
Is this the same as filing our local statutory accounts?
No. We prepare the monthly close and the reports that sit on top of it. Local statutory accounts, their certification and any local GAAP sign-off stay with your appointed local accountant, such as an expert-comptable in France or a Steuerberater in Germany.
Can you close books that span several EU member states?
Yes. We map each entity's chart of accounts to a common structure, close each one, then consolidate the group with intercompany balances eliminated, while local certification stays with your own local partner in each country.
Do you follow IFRS or a local GAAP?
Whichever your group actually reports under. Many EU groups run local GAAP entity by entity and IFRS or IFRS for SMEs at group level; we prepare schedules that support both views from the same underlying data.
How is our data protected during the close?
Every file goes through a senior principal review before it reaches you, and your books stay in your own Xero, QuickBooks Online, Exact, Sage or SAP Business One account. Data-transfer safeguards are set out in our privacy policy.
What is not included in month-end close and reporting?
Certifying or filing statutory accounts stays with your credentialed local partner; our close produces the reconciled numbers and management reports that partner works from, not the filed accounts themselves. Live board presentation, if you want it delivered in the room, is scoped separately.
What software do you close inside for EU groups?
Xero, QuickBooks Online or Sage Intacct as the ledger, with consolidation handled inside that platform or a dedicated consolidation tool when entities sit on different local GAAP frameworks. We work inside whatever your group already runs rather than requiring a switch first.
How is handover managed if our reporting pod changes?
A named pod runs the close, and a recorded handover memo covers open variances, prior adjustments and reporting-calendar quirks whenever that pod changes, so a new reviewer is not rebuilding context from scratch in the middle of a quarter.
How is pricing structured for close and reporting work?
Pricing follows entity count and reporting complexity, such as how many consolidations or standards are involved, rather than a flat fee regardless of scope. The figure is set out in your engagement letter before the first close is delivered.
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.