Monthly Close
The monthly close is one of the most repeatable processes in finance, and one of the few where every hour saved compounds across the year. This playbook runs reconciliations against the GL, drafts variance commentary for controller review, and tracks the close calendar so nothing slips between tabs.
The problem
Close weeks tend to look the same. Subledger reconciliations done late, variances investigated under deadline pressure, journal entries posted at 11pm, and the checklist living in someone's notebook. Controllers know exactly where the time goes. The question is whether to live with it or build a process that compresses it without breaking audit.
How DataChi runs it
DataCHI pulls balances from the GL, AR, AP, payroll, and bank feeds, ties them out, and surfaces breaks with proposed reasons. It drafts month-over-month and budget-variance commentary directly from transaction-level data, and tracks the close calendar with owner, status, and ETA per task. Every action is logged for the audit trail.
What's included
- Subledger to GL reconciliation across AR, AP, payroll, and bank
- Break detection with proposed cause and suggested correction
- Variance commentary drafted from transaction-level detail
- Close checklist with owners, statuses, ETAs, and dependencies
- Standard journal entries pre-staged for controller review
- Audit-ready event log of every automated and manual action
- Direct integration with NetSuite, QuickBooks Online, and Xero
Who it's for
Controllers, accounting managers, and finance leaders at growing companies who want to close faster without giving up reviewer control.
Outcomes
- Fewer late-night journal entries and weekend close work
- Faster turnaround from period end to signed financials
- More analyst capacity for FP&A, less for tying out
- An audit trail that holds up the first time it's reviewed
Ready to run Monthly Close with DataChi?
See the playbook in action with your data, your stack, and your team.
Book a 20-minute demo