Documentation Index
Fetch the complete documentation index at: https://docs.dualentry.com/llms.txt
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Close Management
Close Management is DualEntry’s toolkit for running a structured, repeatable period close. It brings together the tasks, reconciliations, and variance reviews that happen between “books are open” and “period is locked” into a single workflow your team can track and collaborate on.Why a structured close matters
A clean close produces financials you can trust. Without a defined process, tasks get missed, reconciliations slip, and variance explanations live in email threads that no one can find six months later. DualEntry’s Close Management module gives you a shared workspace where every step is assigned, tracked, and documented - so the close runs the same way every month regardless of who’s working on it. A repeatable close also shortens your close timeline over time. When tasks have clear owners and dependencies, bottlenecks become visible early. Teams that adopt Close Management typically reduce their close cycle by identifying the steps that block downstream work - for example, waiting on bank data before starting reconciliations - and restructuring the sequence to run tasks in parallel where possible. The audit trail built into each close period also reduces the time spent gathering evidence during year-end fieldwork, since reconciliations, commentary, and sign-offs are already captured in one place.What Close Management includes
The module has three core capabilities, each covered in its own guide:- Month-End Close Checklist - A configurable task list that tracks every step of your close. Assign tasks to team members, set due dates, and monitor completion in real time. Templates let you spin up a consistent checklist each period without rebuilding from scratch.
- Account Reconciliation - Reconcile balance-sheet accounts to supporting detail, attach evidence, and sign off account by account. Bank accounts support auto-reconciliation through the bank reconciliation engine. All other accounts use a manual workpaper workflow with carryover of unreconciled items.
- Flux Analysis - Compare current-period balances to prior period or budget, flag variances that exceed your materiality thresholds, and capture the explanations that auditors and management will ask for. DualEntry’s AI copilot can suggest commentary for flagged accounts based on transaction activity.
How a typical close flows
A standard month-end close in DualEntry follows this sequence:- Post final transactions - accruals, adjusting entries, payroll, depreciation.
- Work through the close checklist - each task is checked off as it’s completed.
- Reconcile balance-sheet accounts using the reconciliation workspace.
- Run flux analysis on the income statement and balance sheet. Add commentary to material variances.
- Review the checklist dashboard to confirm all tasks are complete.
- Lock the period to protect the closed books.