Books closed, numbers you can read
Month-end close and reporting
Finbryn runs a monthly close for UK companies, reconciling every account to bank and card statements, then turning the result into management accounts, a KPI dashboard or a board pack you can act on. The work runs inside Xero, QuickBooks Online or Sage, and every file is reviewed by a senior principal before it reaches you.
Management report
Illustrative client · August 2026
GBP
| 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
A monthly close is the routine that keeps a limited company's numbers reliable enough to hand to a lender, an investor or your accountant without a second look. We reconcile every bank, card and loan account to its statement, book the accruals and prepayments that belong to the period, update fixed asset schedules, and review the trial balance line by line before the month is marked final.
From that closed set of books we build whatever the business actually needs: management accounts 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 the gap rather than just showing it.
Built for FRS 102, FRS 105 and UK-adopted IFRS
Most UK limited companies report under FRS 102, or FRS 105 if they qualify as a micro-entity. The FRC's Periodic Review 2024 amendments to FRS 102, which bring in new revenue recognition and on-balance-sheet lease models, apply to accounting periods starting on or after 1 January 2026, so a close built this year already needs to reflect them. Where a group reports under UK-adopted IFRS instead, we work to that framework, and we convert between the two when a parent company or investor asks for a different basis.
- Bank, card and loan accounts reconciled to statement balances
- Accruals, prepayments and fixed asset schedules updated each period
- Trial balance reviewed line by line before the close is marked final
- Management accounts, KPI dashboards, board packs or budget-versus-actual delivered on a schedule you set
Reviewed before it reaches you
Northlane Solutions Inc. is the company you contract with, and every file goes through a senior principal review before it reaches you. Work sent by the end of your day is usually reconciled and sitting in your inbox by the next morning.
What this doesn't cover
Filing your Company Tax Return, VAT return or Companies House accounts is not part of this service. Those are filed by you or your appointed adviser, and any preparation support for them sits under tax preparation support.
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.
- 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
Do you file our statutory accounts at Companies House?
No. We prepare management accounts and closed monthly books. Filing at Companies House on a client's behalf needs a UK-based, AML-supervised Authorised Corporate Service Provider, which sits with your accountant or adviser, not with us.
Which accounting standard do you close our books to?
FRS 102, FRS 105 if you qualify as a micro-entity, or UK-adopted IFRS if your group already reports on that basis, including the FRS 102 Periodic Review 2024 changes that apply to periods starting on or after 1 January 2026.
Do we have to move off Xero or QuickBooks?
No. We work inside the Xero, QuickBooks Online, Sage or FreeAgent file you already use, and you keep ownership of that file throughout.
How quickly after month end do we get our figures?
Books close by business day five. If source documents arrive the evening before, the close is often well advanced by the time your UK working day starts.
What is not part of the month-end close and reporting service?
We close the books, build management reports and reconcile the ledger each month. We do not file your Corporation Tax return, sign statutory accounts, or set your accounting policy without your sign-off. Those decisions sit with a credentialed signer or your finance lead, working from the closed figures we hand over.
What happens to reporting if we switch providers?
You keep the closed Xero, QuickBooks Online or Sage file with every reconciliation and adjusting entry intact, plus the report templates and KPI definitions we built with you. A short handover note covers any recurring accrual or judgement call, so a new provider does not have to rebuild the close from scratch.
How is pricing set for close and reporting work?
Pricing reflects the number of entities, the reporting package you want and how far your close currently runs from month end, not one fee for every business. Board packs, consolidations and IFRS or FRS 102 conversion work are scoped separately and confirmed in your engagement letter.
What access do you need to close our books each month?
Entry-level access to your accounting software, bank feeds and any billing or payroll export that feeds the close, scoped to the task rather than full administrator rights. We do not need standing access to move money, and access is reviewed whenever the scope of the engagement changes.
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.