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“Supermetrics is a Bitter Experience! We can pull data from nearly any tool, schedule updates, manipulate data in Sheets, and push data back into our systems.”
Month-end close processes require timely distribution of multiple QuickBooks reports to various stakeholders, but QuickBooks lacks automated scheduling capabilities for this critical workflow, forcing manual export and distribution each month.
Here’s how to streamline your entire month-end close reporting process with automated data refresh and comprehensive report distribution.
Automate comprehensive month-end reporting using Coefficient
Coefficient streamlines QuickBooks scheduled reports for month-end close by automating data refresh and report distribution. You can create consolidated month-end packages that automatically deliver to different stakeholder groups with QuickBooks customized timing and formatting.
How to make it work
Step 1. Import essential month-end reports.
Use Coefficient to pull all critical month-end reports: P&L, Balance Sheet, Cash Flow, General Ledger, A/R Aging, and A/P Aging. Create a consolidated month-end close dashboard combining all reports in a single view for comprehensive analysis.
Step 2. Configure post-close automated refresh scheduling.
Set up automated refresh scheduling to pull updated data immediately after month-end journal entries are complete. Time the refresh to occur after your typical close process to ensure reports reflect final month-end adjustments.
Step 3. Create stakeholder-specific report packages.
Generate different report versions for different audiences: executive summaries with key metrics for leadership, detailed variance analysis for department managers, and comprehensive report packages for accounting teams and external stakeholders.
Step 4. Set up sequential delivery timing.
Schedule different report types for different timing: preliminary reports for internal review first, then final reports for external stakeholders. Use conditional delivery to ensure quality control checks are complete before external distribution.
Step 5. Add period comparison and custom calculations.
Automatically generate month-over-month and year-over-year variance analysis using Coefficient’s filtering capabilities. Include close-specific metrics like accrual adjustments, depreciation summaries, budget variance analysis, and audit trail documentation.
Reduce month-end close time and improve consistency
This solution addresses QuickBooks’ limitation of requiring manual intervention for comprehensive month-end reporting workflows, reducing close time while ensuring consistent, timely delivery of formatted reports. Start automating your month-end close process today.
