At Finch, PC, we have a very systematic and rigorous monthly close process that leads up to our goal of the Finch report being delivered by the 15th of each month.
Below provides a high-level insight into the schedule of our monthly close process.
1st – 7th
Accounting Finalized
All transactions are imported into the software, entries are booked, and expense reports are emailed to clients.
Reconciliations of bank accounts are completed and expenses are updated based on client responses.
Miscellaneous final bookkeeping tasks are finalized.
8th – 10th
Accounting Reviews
Senior Accountant and Managing Accountant review begins.
Review points go back and forth internally between the Finch accounting team.
Senior Accountant and Managing Accountant sign off on the books from an accounting standpoint.
11th – 13th
Finch Reports
Analysts build out Finch reports, review generated report, and additional formatting work is completed.
Throughout this period Senior Analysts and Managing Analysts review the Finch report for formatting, accuracy, and final details.
14th – 15th
Preparation and Delivery
The Operations Team uploads the Finch reports to the Finch App and an email is prepared for release.
Finch report email is sent out to clients.
16th & On
Follow-Through and Completion
For any close that extends past the 15th, the Operations Team checks in daily with the accounting and analyst teams.
Outstanding items are tracked and prioritized so each remaining step moves forward without delay.
The Operations Team stays with the process until the Finch report is delivered.