The Month End Close feature helps you quickly spot and correct issues in your clients’ books directly inside Financial Cents and sync those corrections back to QuickBooks Online.
Soon, we will introduce additional reports, such as Account Reconciliation, Vendor and Account Review, and Quality Control Reports, but this first release only includes transaction review and W-9 Requests.
⭐To learn more about this feature (and receive a special discount if you sign up before Dec 25, 2025), click here to talk to our team! ⭐
What you can do today
Automatically flag transaction errors
Ask clients about transactions
Enables editing and categorization directly in Financial Cents
Pushes approved changes back to QuickBooks Online
Supports two‑way QuickBooks Online sync
Gives you full control over file review inside your Projects
Pull in a list of vendors from QuickBooks Online
If needed, modify filters and exclude transactions to narrow down the list of vendors needing a 1099
Request for W-9s directly from the vendor or your client
Make edits to the vendor details in Financial Cents and push those changes back to QuickBooks Online
🚧Coming Soon:
Account Reconciliation: Identify which accounts have been reconciled. View all client accounts, last reconciliation dates, and unreconciled transaction counts.
Vendor and Account Review: Identify new and duplicate vendors/customers/ accounts.
Quality Control Reports: Final review of financial statements to ensure everything looks as expected, including P&L Statements, Balance Sheets, Statement of Cash Flows, A/P Aging Report, & A/R Aging Report.
Instead of juggling spreadsheets, different tools, and client questions scattered over email, you get one centralized review hub that gives you full control over file review inside your Projects.
How to Set Up Month End Close for a Client
Getting Started: Add MEC Licenses
Before setting up Month End Close for clients, you'll need to add Month End Close licenses.
Navigate to Settings > Membership.
Click on Month End Close
Click on +Purchase Licenses
Under Additional Licenses, specify how many new licenses need to be purchased.
⚠️Please note: If you are currently using ReCats Licenses and would like to upgrade to the MEC license, please contact our support team and they'll be able to get you switched over.
How to Set Up Month End Close for a Client
Navigate to the client’s profile.
Click on the Month End Close tab.
Click Set up for client and follow the prompts to connect their QuickBooks Online company file.
Configuring Month End Close - MEC Settings
You can configure your Month End Close Report Settings for each individual Client. The following settings can be configured:
Client Reminders - Remind your client to review their transactions.
Team Notifications - Select which team members should receive notifications when a client comments, uploads documents, or adds notes to transactions.
Import Transactions - Import transactions, accounts, classes and tax codes from QuickBooks.
⚠️Please note. This option overrides existing transactions. Please "approve" any changes first before importing.
Disconnect Integration - Delete integration with QuickBooks Online. This frees up an MEC License.
💡Pro Tip: Best Practices
You don’t have to wait until month end to start reviewing. You can run mini‑reviews mid‑month to catch issues early, reducing the end‑of‑month scramble.
Monitor & Improve: Keep an eye on how many exceptions show up, which clients consistently need more cleanup, and adjust your rules or workflows over time.