Month-end close
A month-end close review that runs itself across your clients
Month-end close in a firm is the same checklist run over and over, client after client. LedgerLink runs that checklist against each client's QuickBooks Online for you, flags only what needs a person, and offers one-click fixes for the common problems, each previewed before it's saved.
14 days free, no card needed. $15 per company a month after that.
What the review checks
- Transactions with no payee or customer, and deposits with no customer
- Missing memos, check numbers and journal entry descriptions
- Customers billed every month but not this month, and regular vendors with no bill
- Monthly expenses that didn't show up, and big swings against prior months
- A/R over 60 days, underpaid invoices, unapplied payments and credits
- A/P balance and unapplied vendor credits
- Bank and card accounts reconciled for the month, and old unreconciled items
- Clearing, wash and suspense accounts that should be zero
- Payroll, loans and interest, inventory, fixed assets and depreciation
- P&L by class and by job, amounts with no class
- Questions for the client, the client report, final review, and closing the books
How it runs
- 01
Automatically after month-end
From the 5th of each month, the review runs for last month on every connected client.
- 02
Only what needs a person
Each check comes back green, yellow or red, with the exact transactions behind it and a link to each one in QuickBooks.
- 03
One-click fixes
Add a missing payee, memo or check number, record a customer payment, or re-record a transfer, all from the review.
- 04
Ask the AI for the rest
Open the client in Claude or ChatGPT through LedgerLink to dig in, draft adjusting entries and approve them.
Availability
Month-end review is in early access. Start a free trial and ask us to switch it on for your firm.
Questions
- Does the month-end review change anything in QuickBooks by itself?
- No. It only reads and flags. Fixes are applied when a person clicks them, and every change is logged.
- Does it work for every client?
- It runs for every QuickBooks Online company your firm has connected to LedgerLink. Checks that don't apply to a client, such as inventory, are skipped.
- How much does it cost?
- It's part of LedgerLink: $15 per QuickBooks company a month, with unlimited team members. 14-day free trial, no card needed.
Related
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