Period Close & Reporting

Period close is the routine of finalizing a fiscal period: post every sub-ledger, reconcile cash, verify the trial balance, review management accounts against budget, then lock the period so no further postings land in it.

The Close Flow

1. Confirm Sub-Ledgers Are Posted

Before closing, make sure all bills and invoices for the period are posted and payments confirmed. Reconcile bank statements so cash agrees with the GL.

2. Run the Trial Balance

Verify total debits equal total credits as of the period end.

GET /api/v1/gl/trial-balance
Authorization: Bearer <access_token>

3. Review Budgets & Management Accounts

Compare actuals against budget to surface variances before locking the books.

GET  /api/v1/budget
POST /api/v1/budget
GET  /api/v1/management-accounts
POST /api/v1/management-accounts
GET  /api/v1/gl/management-pnl
Authorization: Bearer <access_token>

period

string

required

Fiscal period the budget applies to (e.g. “2026-03”)

account_code

string

required

GL account the budget line targets

amount

number

required

Budgeted amount for the period

The management P&L (/api/v1/gl/management-pnl) renders actuals grouped by management account so you can read variance against budget line by line.

4. Exchange Rates

For multi-currency books, confirm period-end exchange rates are loaded before revaluing foreign-currency balances.

GET  /api/v1/exchange-rates
POST /api/v1/exchange-rates
GET  /api/v1/exchange-rates/pair/:org_id/:base_currency/:target_currency
Authorization: Bearer <access_token>

5. Close the Fiscal Period

Closing locks all postings dated within the period. List and create periods via the GL fiscal-periods endpoints.

GET  /api/v1/gl/fiscal-periods
POST /api/v1/gl/fiscal-periods
Authorization: Bearer <access_token>

Once a fiscal period is closed, postings dated within it are rejected. Use a reversing journal entry in an open period to correct prior-period errors.

See the API Reference tab for the full list of budget, management-accounts, exchange-rate, and fiscal-period endpoints.

Accounts ReceivableCustomer invoices, receipts, and bank reconciliation

​Period Close & Reporting

​The Close Flow

​1. Confirm Sub-Ledgers Are Posted

​2. Run the Trial Balance

​3. Review Budgets & Management Accounts

​4. Exchange Rates

​5. Close the Fiscal Period

Period Close & Reporting

The Close Flow

1. Confirm Sub-Ledgers Are Posted

2. Run the Trial Balance

3. Review Budgets & Management Accounts

4. Exchange Rates

5. Close the Fiscal Period