What this article covers: The recommended month-end close sequence for BrizoConsol groups — shown as a flow from start to finish. Click any step to go to the detailed guide for your accounting system.

Every month-end close in BrizoConsol follows the same sequence regardless of which accounting systems your entities use. The flow below shows the full process — click the data refresh step for your system to get the complete guide for that system.

1
Finalise entity books

Before anything else, each entity's accounting period must be fully closed — all transactions posted, bank accounts reconciled, and the period locked in the source system. BrizoConsol will pull whatever is in the accounting system at the time of the data refresh. Starting before books are finalised produces incorrect consolidated figures.

2
Refresh data in BrizoConsol

How you load data depends on how each entity is connected. Follow the complete guide for your accounting system — each guide covers the full close from this step through to distributing reports.

📄
Manual Excel / CSV Upload
Full month-end guide for entities without a direct connection →
3
Verify entity trial balances

Switch to each entity in BrizoConsol and check Reports → Trial Balance. Compare the key figures — total assets, total liabilities, net profit — against the trial balance you saved from the source system before you started. They should match. If they do not, reload the data for that period and check again.

4
Run eliminations

Intercompany eliminations remove transactions between group entities from the consolidated figures — so that intra-group sales, loans, and dividends are not double-counted. Auto elimination rules run automatically when data loads. For any intercompany transactions not covered by a rule, post them manually in Adjustments → Elimination Entries. Use the Elim. Validation page to confirm all intercompany balances have been eliminated.

5
Post adjustments — as needed each month

Journal adjustments are accounting corrections posted at the consolidated group level — such as fair-value entries, impairment charges, or reclassifications required under a specific accounting standard. These are different from eliminations: where eliminations remove intercompany transactions, journal adjustments add or correct figures that belong in the consolidated accounts but are not in any individual entity's books. Post them in Adjustments → Journal Entries.

Year-end only: At the end of the financial year, also post the Consolidation Translation Adjustment (CTA) for any entities that operate in a different currency to the group — this accounts for the effect of exchange rate movements on consolidated equity. If any subsidiaries are partially owned, also post the Non-Controlling Interest (NCI) entries. Both are found under Adjustments. Use Reconcile / Verify on each to confirm the entries are complete before reviewing reports.
6
Review consolidated reports

Switch to the group entity and review the consolidated outputs before distributing to anyone. At a minimum, check:

📊 Profit & Loss
Revenue, gross profit, and net profit vs prior month and prior year. Flag any movement larger than expected.
⚖️ Balance Sheet
Total Assets must equal Total Liabilities + Equity. If they do not balance, a missing elimination or adjustment is the most likely cause.
💰 Cash Flow
Operating, investing, and financing cash movements for the period.
📈 Pulse
Key Metrics health scores — a sudden drop can indicate a data issue or a genuine business concern worth noting.
7
Distribute to stakeholders

Once the consolidated figures are reviewed and signed off, share with management, owners, or clients. If you have set up a scheduled Insight Package, it delivers automatically — check that the most recent delivery shows the current period. For ad-hoc sharing, export any report as PDF or Excel from the report toolbar, or share a direct link to a dashboard.

Monthly Close Checklist

Use this as a quick reference at each month-end. Tick off each item before moving to the next.

Before starting
All entity books finalised — journals posted, bank reconciled, period locked in source system
Data refresh
Connected entities (Xero / QuickBooks / MYOB / Zoho Books) reloaded in Organisation Settings → Data Loading
Manual entities — trial balance file uploaded for the current period
Entity trial balances verified in BrizoConsol against source systems
Eliminations & adjustments
Auto eliminations reviewed — Elim. Validation checked, no outstanding intercompany balances
One-off elimination entries posted where needed
Journal adjustments posted where applicable (fair-value, impairment, reclassification)
CTA posted and verified (fiscal year-end only — for foreign currency entities)
NCI posted and verified (fiscal year-end only — for partially owned subsidiaries)
Sign-off
Consolidated P&L, Balance Sheet, and Cash Flow reviewed — no unexplained variances
Balance Sheet foots — Total Assets equals Total Liabilities + Equity
Pulse Key Metrics reviewed
Reports distributed — Insight Package delivered or reports exported and shared