Finance & Accounting
Start each morning with the numbers and exceptions
Finance & Accounting combines close rules and cost methods with agents that prepare the daily financial summary, reconciliation exceptions and financial drafts for review.
Finance & Accounting overview
The controller’s judgment behind the daily close
Accounting records show transactions. Your controller knows which entries need review, how costs should be allocated and which exceptions affect the daily financial picture.
Daily close and cutoffs
The reconciliation checklist and review rules, including the additional entries and checks required at month-end.
Costs and margins
How product and job costs are calculated and which margin targets apply by customer or product line.
Cash and credit
Payment terms and collection procedures, with the drivers used for a rolling 13-week cash forecast.
Payables and payment checks
How receipts are matched to bills and who reviews unusual invoices, changed bank details or payment exceptions.
Reporting and scenarios
The reports leadership needs and the assumptions behind budgets, commissions and financial what-if questions.
A credit hold in the morning exception review
Illustrative scenario as of March 20. The order value triggers a credit-control review. The documented term extension adds context; it does not authorize release.
What should credit control review before releasing SO-48219?
Keep SO-48219 on hold for credit-control review. Its $28,600 order value exceeds the $25,000 threshold for tier-2 accounts. Include J. Moore’s 45-day term extension until April 30 in the review. The $31,400 open balance alone does not establish invoice due dates or authorize release.
- Record or approved ruleSO-48219 · Illustrative order record
Tier-2 account; order value $28,600; credit hold since 12 Mar; open account balance $31,400.
- Record or approved ruleCredit policy §4.2 · Approved rule
Orders over $25,000 for tier-2 accounts need release from credit control.
- Captured team knowledgeException logged 8 Jan · J. Moore
Agreed 45-day term extension until 30 Apr. Credit control reviews the exception with the order and invoice dates.
Prepared for review. The responsible person approves changes under your company’s authority rules.
Financial explanations arrive after the decisions are made
When reconciliations and cost checks wait for month-end, managers may discover a margin problem after the job has shipped. CompanyOS supports a daily close by preparing drafts and exception lists for finance to review, giving leadership a more current basis for decisions.
Work your team can review and use
- Prepare the daily close summary and unresolved reconciliation list
- Review proposed financial entries before posting through configured connections
- Investigate margin and cost exceptions with the supporting records
- Review cash forecasts and financial scenarios
- Prepare credit and payment exceptions for the appropriate authority
Financial reviews depend on the work behind the numbers
Explore all domainsLet’s start with one recurring problem.
Bring a reconciliation issue or morning exception that takes too long to explain. We’ll look at the records and judgment needed for review.