Monthly Close

An accurate and detailed monthly close produces reliable financial reports that are critical your management team’s ability to make business decisions. Your financial statements are equivalent to data. That data informs financial and sales metrics that are foundational to when you make the next pivotal hire or to increase your marketing spend.

When our accountants close the books, we record revenue transactions, calculate accruals and prepaids, and address deferred revenue, and all other entires necessary for GAAP compliance.

Following the review and preparation of financial statements, we assemble variance analyses to present you. This includes notes about material changes from the prior month as well as changes from your budget.

Formation Financial’s processes scale with you. As your startup evolves, we implement additional systems that mirrors your growth and continues to efficiently manage and track financial data.