A new accounting hire at a growing manufacturing company is expected to take over all accounting functions without proper training or oversight from an owner who lacks accounting expertise, leading to disorganized books and incomplete month-end close procedures.

Workarounds Described

• Owner manually does AP, sales tax filings, and credit/bank recs without proper reconciliations
• No account reconciliations during month end; owner just reviews balances and says numbers are messed up

Implied Software Gaps

• Automated reconciliation tool that flags discrepancies and ensures all accounts are reconciled
• Month-end close management software that provides a step-by-step checklist and ensures completeness

CloseWise

CloseWise is an accounting automation platform that streamlines month-end close, automates reconciliations, and provides guided workflows for non-accountant business owners. It ensures accurate books with minimal manual effort and offers training resources for new accountants.

Existing Solutions Mentioned