The close
What a three-day close actually requires
The four things that have to be true before month-end fits inside a working week.
IB
Iris Bakker
Head of Accounting, Finly · · 3 min read
The Finly blog
Notes on spend, bills and the close.
Practical writing from the people building Finly —what we learn shipping cards, payables and the close.
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Spend
Card limits belong in policy, not a spreadsheet
Set it at issue and month-end stops surprising you.
· 2 min read
Payables
Approval rules people actually follow
Most chains are designed for the exception, not the invoice.
· 2 min read
Spend
The real cost of a late receipt
It is never the receipt. It is the four weeks of context that went with it.
· 2 min read
The close
One ledger, not four exports
If the number is assembled, somebody has to prove the assembly was right.
· 2 min read
Payables
Paying suppliers on one run
Four payment runs a month is usually one run and three rescues.
· 1 min read
Compliance
What auditors actually ask for
Rarely the policy. Almost always the evidence that it ran.
· 1 min read
Compliance
Segregation of duties without the friction
The control is about combinations, not about how many people touch a payment.
· 1 min read
Product
Reading the close in the product
What we changed after watching eleven controllers use the close screen.
· 2 min read
Product
Policy that ships with the card
How we moved spend rules from a lookup to a property of the card itself.
· 2 min read
Showing 1–9 of 12
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