Use agents to maintain accrual schedules, propose journal entries, and run recurring checks so your close is more predictable and less manual.
Month-end close in midsized companies often depends on scattered spreadsheets and domain knowledge. Accrual schedules for vendors, assets, and revenue sit in different files. Each period, teams gather data from systems, update schedules by hand, and craft proposed journal entries—then redo similar reconciliations and checks before signing off.
Revenue recognition frameworks such as ASC 606 add another layer: memos, contract schedules, and supporting documentation must be referenced and kept in sync with actual entries. Much of this work follows repeatable patterns but still consumes significant time and attention.
A software company handles recurring vendor expenses, cloud infrastructure, and contractor spend, while also managing multi-year customer contracts governed by ASC 606 memos. At month-end, the accounting team must update accrual schedules, estimate services received but not invoiced, and ensure revenue-related accruals align with documented policies.
Agents can help maintain accrual schedules throughout the month, referencing contracts, POs, and usage data. At close, they propose expense and revenue-related entries with clear backup and comparisons to prior periods, so the team can focus on review rather than manual preparation.
Identify the recurring close activities where agents can help: accrual schedules, recurring entries, reconciliations, and standard checks that follow defined rules.
Connect your ERP, contract storage, PO and expense systems, and any shared folders where close files live so agents can gather inputs without manual digging.
Translate existing schedules and calculation methods into agent workflows that can update throughout the period and at close, with human review where judgment is needed.
Run agents every close cycle, review suggested entries and checks, and refine logic as your policies and business evolve.
Close agents regularly pull vendor, usage, and contract information to keep key accrual schedules current for expenses, services, and revenue-related items. They track what has been invoiced and what is still outstanding based on agreed terms.
