Monthly close

In progress

The current month. It can't be closed until it ends.

Waiting on you

There are transactions dated in or before this month still in the review inbox. The count is shown; the button takes you to them.

Ready to close

Everything through the end of the month is categorized. Close it now, or wait for the automatic close.

Closed

Locked. Nothing can be posted into it. The Books Closed report is available.

At 9:00 on the 3rd of each month we try to close the previous month for you:

• If the inbox is clear, the month closes and the Books Closed report is emailed to you.
• If not, you get a "can't close yet — N to answer" email. Answer them, and the month closes the next time you open Monthly close and click Close, or on the next scheduled run.

A one-page summary written for the owner, not the accountant:

• Income, Expenses, Net income for the month, and Cash at month end with the change from the start.
• Where the money went / came from — the top five categories each way.
• Worth a glance — how much was handled automatically, vendors you paid for the first time, and any transaction of $2,500 or more. These are the things a good bookkeeper would mention in a monthly email.
• Links to the four financial reports for that month.

Once closed, any attempt to change a transaction dated in that month — recategorize, mark personal, exclude — is refused, and a bank revision to an old transaction is held rather than applied. This protects reports you may already have sent to a lender or your accountant.

1. Open the Books Closed report and click Reopen (top right).
2. Make the correction on the Transactions page.
3. Go back to Monthly close and click Close again. A fresh report replaces the old one.