Close the books with confidence

Explore how close accounting solutions can ensure accuracy, reduce manual entry, and automate processes so you can close the books without working overtime.

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Close accounting basics

What does closing the books mean?

Closing the books is an accounting process that takes place at the end of a financial period, such as a month, quarter, or year. The purpose of this process is to finalize all financial transactions for that period and ensure that the company's financial statements are accurate and complete. This is essential for decision-making, reporting to stakeholders, and complying with regulatory requirements.
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The close process can be long and tedious

If you’ve spent long nights doing monthly, quarterly, or year-end close, you know the process is full of challenges, like:

Countless hours spent on tedious manual processes like amortization, reconciliations, accruals, and preparing flux analysis reports

Time wasted compiling and double-checking data and reports that live in your ERP, on Excel spreadsheets, and in third-party software

Tasks falling through the cracks because they’re tracked and managed in disparate systems

Disjointed processes and data stored across systems make it difficult to create reliable audit trails

There's a better way

Close accounting software solutions simplify the process

The right close accounting software can solve these issues, giving your team:

Automated amortization, reconciliations, accruals, and reporting—say goodbye to manual entry and double-checking!

A single place to manage your data, tasks, and close accounting process within your ERP, eliminating context-switching

Full visibility into tasks across teams so you can identify and address gaps

A single source of truth for your financial data, creating reliable audit trails

Netgain’s close accounting solutions

Ready to discover powerful close accounting solutions? Netgain eliminates inefficient processes and gives your team time back to focus on strategic business decisions.

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NetClose

for NetSuite

With NetClose, you can say goodbye to late nights during the month-end close process. Automate your team’s monthly tasks, generate close reports in minutes, and create reliable audit trails, all without leaving NetSuite. Close the books quickly, accurately, and powerfully.

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Close accounting resources

We believe close accounting can be simple. Explore our resources and free templates to start streamlining your processes.

Monthly close checklist
Free Template

Simplify your month-end close process

Download our free monthly close checklist.

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Blog

Best Financial Close Management Software in 2024

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This post covers everything you need to know about the month-end close process, from the basics to best practices for a smooth close (plus a free checklist).
Glossary

Month-end close: Definition, best practices, and resources

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