Close & reporting
Month-end close
A month-end close from Finbryn for EU businesses reconciles every bank, card and loan account, books accruals and prepaid entries, updates fixed asset schedules and reviews the trial balance line by line before the period is marked final, so your financials land on the same date each month regardless of which member state the entity sits in.
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.
The gap a local accountant finds too late
A business trading across two or three member states usually only discovers its books were never properly closed when the local accountant in one of those states asks for an opening trial balance and the number does not hold up. By then the gap might be months old and nobody remembers which invoice or credit note caused it. A monthly close is what stops that discovery from happening at year end instead of thirty days in.
The mechanics of getting there
Every bank, card and payment-processor account is reconciled to its statement first. Then the entries that belong to the period land even where cash has not moved: accrued costs, the monthly share of a prepaid amount, depreciation on fixed assets. Intercompany balances between entities sitting in different member states are agreed on both sides and marked for elimination once consolidation runs. Nothing is marked final until the trial balance has been walked line by line against the prior month, with any unexplained movement questioned before it locks.
The output your accountant actually wants
What comes out is a closed trial balance, the statements built from it, and a checklist recording what ran and when, so a local accountant or auditor is looking at evidence of a process rather than a number with no trail behind it.
Whatever platform is already running
Xero, QuickBooks Online, Exact, Sage, SAP Business One: we close inside whichever one your entity already uses. No migration, and nothing you would be stuck with if you changed providers later.
A close that lands on schedule month after month is what consolidations across entities depends on, and what feeds management reports and KPI dashboards once you want more than the raw statements.
Questions
Frequently asked questions: Month-end close
How is the close date agreed for a business with entities in more than one member state?
We agree a group close calendar with you during onboarding, staggering each entity's local close so the group consolidation date stays predictable even when local documents arrive on different schedules.
What do I need to provide each month?
Mainly read-only bank and card feeds plus answers to a short open-items list, which is usually a few minutes of your time per entity.
Does the close feed our local statutory accounts?
The closed trial balance is the starting point your appointed local accountant uses to prepare and certify statutory accounts; we hand it over in the format they need.
What happens if a bank statement for one entity arrives late?
That entity's close slips to the next available slot while the others proceed on schedule, and we flag the delay as soon as it is identified rather than estimating the missing figures to hit the date.
Do you close weekends or public holidays into the calendar?
The close date accounts for weekends and public holidays in the relevant member states, so a close date that would land on a bank holiday moves to the next working day automatically rather than slipping unpredictably.
What counts as the books being closed?
Every account is reconciled, every accrual and prepaid entry is booked, and the trial balance has been reviewed line by line before the period is marked final.
Can the close date move earlier as the business grows?
Yes. The close calendar is set with you and can be tightened once source documents such as bank feeds, bills and payroll runs arrive on a consistent schedule.
What is included in month-end close?
Month-end close covers bank, card and loan accounts reconciled to statement balances and accrual and prepaid entries recorded for the period. The exact scope is agreed and set out in writing before work starts, so you know precisely what is and is not covered before the first deliverable arrives.
How is month-end close priced?
Pricing for month-end close depends on your transaction volume, the software you use, and how much cleanup is needed before ongoing work starts. Current ranges are published on the pricing page, and your exact fee is confirmed in writing before anything begins.
Related services
- Close & reportingAccrualsExpenses 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.
- Close & reportingManagement 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.
- BookkeepingMonthly bookkeepingOngoing monthly bookkeeping: transactions sorted into categories, accounts reconciled and month-end reports delivered in the software you already use.
Industries
- SaaSBookkeeping and reporting for subscription software businesses tracking recurring revenue, deferred revenue and burn.
- Ecommerce (Amazon and Shopify)Bookkeeping for online sellers on Amazon, Shopify, Etsy and their own storefronts, built around clean payout and sales tax data.
- Professional servicesBookkeeping for professional service firms such as engineering, architecture and IT consulting billing clients by project or retainer.
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.