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- Financial Close Management
- Features
- Close planning
Close planning
Close planning turns the company’s period-end routine into an assigned, reviewable plan. Close calendars define the working days and target dates for each entity. Closing task templates and account reconciliation templates define the work that belongs in the cycle. Close Manager launches the period with a retained snapshot of these definitions, so a later template change cannot quietly alter an accountant’s current checklist. The plan gives Finance a shared starting point for daily follow-up and final review.
OverviewPeriod Close Calendar×
Financial Close Management · Close planning
New
Period Close Calendar
Close periods
| Period code | Close calendar | Entity | Period start | Period end | Target close date | |
|---|---|---|---|---|---|---|
| 2026-09 | Northstar Holdings monthly close | Northstar Holdings LLC | 21 Oct | 27 Oct | 05 Nov | |
| 2026-08 | Northstar East monthly close | Northstar Services LLC | 18 Oct | 26 Oct | 10 Nov | |
| 2026-Q3 | Northstar East monthly close | Northstar Europe Ltd | 30 Oct | 06 Nov | 10 Nov | |
| 2026-07 | Northstar Group annual close | Northstar West LLC | 22 Oct | 24 Oct | 31 Oct | |
| 2026-Q2 | Northstar West quarterly close | Northstar Treasury LLC | 30 Oct | 01 Nov | 09 Nov |
6 of 6 records
2026-09Close periods · CP-55279
Not startedClose calendarNorthstar Holdings monthly close
EntityNorthstar Holdings LLC
Period start21 Oct
Period end27 Oct
Target close date05 Nov
What you can do
Set the calendar around the business
Period Close Calendar shows the start, end and target close date for each period. Admin configures the fiscal calendar, holiday source, timezone and workday rules with Controller / CFO. Resolve dates before launch and retain the calendar snapshot. An entity’s ledger-period key supplies its stable identity; a familiar period code is only the display label. Monthly, quarterly and annual scopes must be explicit so their evidence and downstream requests cannot be confused.
Assign work and dependencies
Snapshot the effective task descriptions, required flags, owners, reviewers and dependency edges. Closing task dependencies distinguishes a predecessor needed before work starts from one needed before work finishes. Reject circular dependencies and missing people before the checklist is released. Close Manager can reassign work with a recorded reason, while the prior assignment stays attributable. My Closing Tasks then shows each person the work they can act on, with due dates and related reconciliation or journal evidence.
Track readiness across entities
Close Status Heat-Map brings period status, task completion, reconciliations and open issues together. Read those totals as a way to find the remaining work; a high completion count does not itself authorize a lock. Reviewed, lock pending and Locked describe different outcomes. Keep an entity with a connector failure visible alongside one with unfinished accounting work. The close manager can explain the next action from the underlying records instead of interpreting an ambiguous green status.
What your team sees
- Period Close Calendar. Set the calendar around the business.
- My Closing Tasks. Assign work and dependencies.
- Close Status Heat-Map. Track readiness across entities.
Rollout checks
Pilot the calendar across a holiday and a weekend, including a task due after period end. Create the same launch request twice and confirm that it produces one checklist population. Try a missing reviewer, a circular dependency and a template from another entity. Each invalid case should stop the affected launch before incomplete work is published. Compare the retained source snapshot with the assignments shown to the team.
Before rollout, agree the entity and period population, source-system ownership and the people assigned to each decision. Preserve existing accounting identifiers during migration and reconcile imported totals to the owning system. A preview on this website does not provision a live connector or grant a user financial authority. In Proto, configure the corresponding records and actions, test permitted and rejected operations through the API as well as the interface, and retain the implementation evidence before releasing the application.
Record the accepted pilot evidence with the exact configuration revision so subsequent changes can be compared to the behavior Finance reviewed.
What it keeps track of
Data model- Close calendars
- The per-Entity close schedule. Anchors every close period and every closing task due date to a workday calendar (US Federal holidays + firm-specific holidays + weekends). One row per Entity per fiscal year.
- Close periods
- Open period instances. One row per Entity per fiscal period (month or quarter). Lifecycle: Not started → in progress → Reviewed → lock pending → Locked, with Reopened as a recoverable off-ramp that requires Controller + Admin dual approval. On reopen-and-relock, the workflow writes a second period locks row preserving the original audit trail; the lifecycle returns to Reviewed → lock pending → Locked again with a new lock signature.
- Closing task templates
- Reusable task templates that materialize into closing tasks the moment a close period is created. Versioned via effective from; in-flight close periods are not retroactively rewritten by a template change.
- Closing task dependencies
- DAG predecessor relationships between templates (e.g. “Post payroll JE” depends on “Receive payroll register”). Cycles are rejected on template save.
Who uses it
Permissions- Admin
- Maintains the configuration with Controller / CFO.
- Close Manager
- Launches the scoped period and manages assignments.
- Accountant
- And Senior Accountant receive their own work.
- Internal Auditor
- Can inspect retained definitions within authorized scope.
Set up Financial Close Management your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.