Month-End Close
The month-end close is the difference between numbers you trust and numbers you guess at. Laya runs a disciplined, repeatable close every month — categorized, reconciled, adjusted, and reviewed — so your financials are finalized and in your hands by the 10th business day, on a schedule you can actually plan around.
What's included
Categorization and reconciliation of every account
Every bank account, credit card, and payment processor is reconciled to the statement before the close is called done. Transactions are categorized against a chart of accounts built for your business, so balances tie to reality to the dollar rather than drifting month over month.
Accruals, adjustments, and owner-draw separation
We post the adjusting entries that make a close meaningful: accruals and deferrals where they change the picture, prepaid and depreciation schedules, and owner draws cleanly separated from operating expenses. The result is a P&L that reflects how the business actually performed, not just what cleared the bank.
Expert review on every close
No close goes out unreviewed. An accountant checks the reconciliations, scans for misclassifications and anomalies against prior periods, and confirms the statements hang together before anything reaches you — so you're not the one catching errors after the fact.
A delivered close package
Each close is delivered as a complete package: Profit & Loss, Balance Sheet, and Cash Flow statement for the period, with the context to understand what moved and why. You get finished financials, not a login and a download link.
How it works
1. We pull and categorize the period
Once the month ends, we pull every transaction from your connected accounts in QuickBooks Online and categorize it against your chart of accounts — the groundwork that makes the rest of the close reliable.
2. We reconcile, adjust, and review
Every account is reconciled to its statement, adjusting entries are posted, and an accountant reviews the full close for accuracy and anomalies before sign-off. Nothing is delivered until it ties out.
3. You receive the close by day 10
Your finalized close package lands by the 10th business day of the following month — same window, every month — so you can review performance and make decisions on numbers that are already done.
Frequently asked questions
What does a real month-end close include versus just downloading transactions?
Downloading and categorizing transactions is only the start. A real close reconciles every account to its statement, posts accruals and adjusting entries, separates owner draws from operating costs, and runs an expert review — so the financials reflect actual performance and balances tie out, rather than just listing what cleared the bank.
When exactly is my close delivered each month?
By the 10th business day of the following month, every month. It's a fixed, predictable window rather than a vague "sometime after month-end," so you can build your own reporting, board updates, and decisions around a date you can count on.
Who reviews my close before I see it?
An accountant on the Laya team reviews every close before delivery. They verify the reconciliations, check for misclassifications and unusual swings against prior periods, and confirm the statements are internally consistent — so review is built into the process, not something you're left to do yourself.
What if my books are behind before the monthly close can start?
We get you current first. Catch-up bookkeeping is handled during onboarding and quoted separately based on how many months are behind and the cleanup involved. Once your books are caught up, you move onto the standard monthly close cycle with the same day-10 delivery.
Do I need QuickBooks Online for the close?
Yes. QuickBooks Online is required and serves as the source of truth we reconcile against, with your bank, card, and payment accounts connected digitally. Your subscription is included in your plan, and the close runs entirely remotely over email and video — no in-person visits required.
Is the month-end close included in my plan?
Yes — the close is the core of every Laya plan, starting with Base at $500/month. Summit, Peak, and Vista build tax and advisory on top of the same disciplined close, so you always start each month with reconciled, reviewed financials regardless of tier.
The month-end close is included in every Laya plan, starting with Base at $500/month.
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