Accounting Reporting And Deliverables
A clear overview of the monthly accounting reports, close outputs, and open-item tracking Graphite provides as part of your month-end close process.
What You Receive From Graphite Accounting
Graphite Accounting delivers the reporting outputs and close support needed to keep your monthly financials accurate, organized, and ready for review. Each month, Graphite manages the close process, prepares core financial reports, reconciles balance sheet accounts, documents open items, and delivers reporting on an agreed cadence. The result is a repeatable monthly process that gives your team a clearer view of the period and what still needs attention.
Core Monthly Deliverables
Month-End Close Package
Graphite completes your month-end close using the agreed process, timeline, and scope for your engagement. This includes the accruals, adjustments, journal entries, and review steps needed to accurately reflect activity for the period.
Balance Sheet Reconciliations
Each month, Graphite reconciles balance sheet accounts and maintains supporting documentation. These reconciliations help confirm that account balances are accurate, explainable, and ready for review.
Financial Statements
As part of the close process, Graphite prepares the standard financial reporting outputs included in your engagement. These typically include: Income Statement, Balance Sheet, and Statement of Cash Flows. The exact reporting package may vary based on your scope, systems, and reporting needs.
Open Items and Follow-Ups
Some close activities depend on client input, such as missing documentation, approvals, clarifications, or answers to open questions. When Graphite needs something from your team, those items are tracked and communicated clearly so the close process can keep moving.
Close Process Documentation
Graphite maintains documentation for the month-end close process so recurring work is handled consistently. This documentation supports accuracy, continuity, and scalability as your business grows or your volume of activity changes.
How Reports Are Delivered
Report delivery may vary based on your engagement and the systems involved. In most cases, Graphite delivers financial reporting in PDF format or through a real-time dashboard when the client also works with Graphite Finance. Monthly reporting typically includes visibility into cash flow, income statement activity, and the balance sheet. For AP and AR, Graphite generally works within the systems your company already uses rather than providing separate standalone reports. After kickoff, Graphite will request access to the relevant systems through a customized action item list.
Your Role in the Reporting Process
A strong close process depends on timely input and review from both teams. Graphite will manage the close process, track open items, and prepare the reporting package. Clients should plan to review financials each month, respond to open questions, and provide feedback when something looks incorrect or needs more context. That ongoing review helps catch issues early, keep reporting aligned, and reduce the chance of questions carrying forward across future close cycles.
When the Month Is Considered Complete
A month is considered complete when the agreed close process has been followed, financial outputs have been prepared, and any open items have been documented.
The Month Is Closed
Graphite follows the agreed written process and timeline to complete the close. Depending on your engagement, this may include reconciliations, accruals, prepayments, intercompany activity, budget comparisons, and other review steps.
Financials Are Delivered
Graphite prepares and shares the agreed financial reports and supporting documents with the appropriate stakeholders. These outputs are reviewed for accuracy and formatted based on the reporting structure in place for your business.
Open Items Are Documented
Any outstanding questions, missing information, unresolved items, or required client actions are documented clearly. This keeps responsibilities visible and helps both teams understand what is complete, what is pending, and what may affect timing or accuracy.
Why This Matters
Monthly reporting is most useful when the process is consistent, the outputs are clear, and open items are easy to see. When financials are closed, delivered, and reviewed on a regular cadence, your team has a stronger view of the month and a cleaner way to resolve anything still pending. Over time, that consistency makes financial reporting easier to review, easier to explain, and easier to rely on.