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- Financial Close Management
- Who it's for
- Growing accounting teams
Growing accounting teams
Replace scattered close follow-up with assigned work and retained evidence. Financial Close Management brings the calendar, account work, review decisions and confirmed ledger outcome into one period-based workflow. Keep the original accounting sources and the people responsible for financial decisions clearly identified as the implementation is configured.
How Financial Close Management is set up for you
Clear daily assignments
Give each accountant a scoped checklist with due dates and supporting work.
Review that survives team changes
Templates make the recurring close reproducible while retaining the actual people and evidence assigned to each period. When a person changes roles or leaves, retain their historical attribution and reassign open work explicitly. A senior accountant can prepare one reconciliation and independently review another, subject to the configured separation rules.
Exceptions with an accountable owner
Late Tasks and Open Issues Log show where Finance needs a handoff or a decision. A required skip needs the documented exception route, and a changed source balance needs renewed review. The close manager can explain the remaining work from the records instead of chasing a checklist whose comments live in another person’s inbox.
Features to start with
Roles on the team
- Controller / CFO
- Own financial review and final sign-off within assigned entities. Controller and CFO capacities have separately assigned authenticated signers where both are required.
- Close Manager
- Coordinate the close, resolve assignments and monitor readiness before requesting financial sign-off.
- Senior Accountant
- Prepare assigned reconciliations and independently review other assignments. Review journal entries within the effective threshold policy.
- Accountant
- Prepare assigned close tasks and account reconciliations with supporting evidence.
- SOX Lead
- Maintain the company control catalog and coordinate testing, independent review and deficiency follow-up.
- Internal Auditor
- Read the retained evidence independently. Concurrence is an explicitly scoped attestation, not management approval.
- External Auditor
- Read only explicitly granted entity-period evidence through an active, unexpired, unrevoked grant.
Set up Financial Close Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.