Month-End Close Tools
What your month-end close actually costs.
Most charter finance teams close the books by hand every month: reconciliations, accruals, journal entries, and the board package. Move the three numbers below to see what that costs in staff time each year. The math runs in your browser.
hrs
$
If more than one person does the work, use their average loaded rate, not the sum.
Annual cost of closing the books by hand
$28,800
480 staff-hours a year closing the books by hand.
Half of finance teams still take six or more business days to close, and cash reconciliation alone runs 20 to 50 staff-hours a month. Ledge State of Month-End Close 2025.
Email me my month-end close cost summary plus the 5 steps to automate it.