Features

Every feature your close team needs

No project management modules repurposed for accounting. No enterprise platform with features you'll spend a year configuring. Six capabilities, purpose-built for the month-end close workflow.

6 core capabilities,
one close platform
Core capabilities

What Closegrove does

Close Checklist

Task assignment with preparer/reviewer separation, dependency chains, due dates, and real-time status visible to the full team — no more "where are we on the bank rec?" in Slack.

Reconciliation Templates

Build reconciliation workpapers once, reuse every period. GL balance syncs automatically — no copy-paste from ERP. Variance tolerance flags out-of-threshold accounts before sign-off.

Accrual Scheduler

Schedule recurring accruals by period, department, or cost center. Actuals compared to schedule automatically — variance alert fires when the deviation exceeds your materiality threshold.

Variance Flagging

Configurable materiality thresholds on account balances and accrual schedules surface period-over-period differences before the controller signs off. Catch the flux before the auditor does.

Audit Export

One click generates the full close package: signed checklist, reconciliation workpapers, JE support schedules, and an immutable change log — formatted for your auditor's PBC list.

Role-Based Access

Controller, staff accountant, and read-only reviewer scopes. External auditors see the close package only. Access levels match how a controlled close actually works — not IT's org chart.

Close Checklist

Close checklist that actually tracks status

Most teams run their close from a shared spreadsheet or a project tracker that was never designed for accounting workflows. Closegrove's checklist understands the close: bank reconciliation must complete before the balance sheet can be reviewed; accruals must be approved before JE postings are made.

Dependency chains: JE postings unlock only after reconciliations are signed off — no more out-of-order close

Automated deadline reminders and overdue escalation to the controller — no calendar chasing

Task comments and evidence attachments keep workpapers alongside the task item for audit trail

Template library: monthly close, quarter-end close, year-end close — each pre-loaded with the right task sequence

Close checklist feature showing task list with assigned owners, due dates, and status tracking for month-end close activities
Reconciliation template interface showing GL account balance matching and variance identification
Reconciliation

Reconciliation templates with GL sync

Reconciliation workpapers that pull live account balances from your GL — no copy-paste from NetSuite, no version control fights over the shared Excel file. Build the template once; it fills itself each period.

One-click GL balance refresh pulls current period balances across all mapped accounts

Configurable variance tolerance — flag only accounts where the unexplained difference exceeds your materiality threshold

Prior period balance retained automatically for period-over-period flux comparison

Supporting documentation — bank statements, invoices, sub-ledger exports — attached directly to the reconciliation record

Accruals

Accrual scheduler with variance flagging

Manual accrual calculation is where most closes slip a day. Closegrove runs your recurring accruals — rent, benefits, interest, deferred revenue amortization — automatically each period and surfaces variances before you post the JE, not after.

Schedule recurring accruals by period, department, or cost center — set once, runs every close

Variance alert fires when the actual accrual amount deviates from schedule beyond your configured threshold

Full accrual history retained for period-over-period comparison and external audit support

Approved accrual schedule generates JE posting suggestions — reduce transcription errors between accrual workpaper and ERP

Accrual scheduler interface showing scheduled accrual entries with amounts, categories, and variance flags

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Full Professional tier: ERP sync, reconciliation templates, accrual scheduler, audit export. No credit card. No professional services. Most controllers are live in three days.