← All terms
Glossary

Month-end close

The monthly ritual of finalizing the books: everything posted, matched, adjusted, and locked.

The monthly process of finalizing the books: all transactions posted, bank accounts reconciled, adjustments booked, and the period closed so the numbers stop moving. A disciplined close is what makes monthly reports trustworthy.

In Bizdivers: the Close cockpit tracks every blocker and refuses to close the period until they're resolved. See Close the month from the Close cockpit.