Closing your books is key in finalizing your financial records, making sure that they’re organized, accurate, and secure. It locks in your data, helps prevent accounting errors, and sets you up for confident reporting, audits, and peace of mind.
Complete these steps before you close
1. Connect your accounting integration
Link your CoinTracker Enterprise account to an available accounting integration to automate syncing and keep your data accurate.
2. Resolve unbalanced journal entries
Review and fix any flagged journal entries to keep your books balanced and correct.
Important: Any unmapped or unbalanced journal entries must be resolved before you can close the accounting period. Otherwise, you won’t be able to close the period.
Steps to close your books
This feature requires a paid Enterprise plan.
Step 1: Review the data for this period
- Sign in to CoinTracker Enterprise and go to the Home page.
- In the Close your books section, click Get started.
- Click the dropdown menu and select the open period (month/year) you want to close.
- Thoroughly review all transactions for the period to ensure they’re accurate and complete.
Step 2: Sync journal entries to your accounting integration
Click Sync journal entries to transfer your reviewed data directly to your connected accounting integration.
Step 3: Lock the period
Once your data is synced and verified, select Lock period to prevent any edits or additions. This keeps your records consistent and makes sure nothing changes afterwards.
Step 4: Close the period
Select Close period to officially finalize the month. This marks the period as complete in your financial records, so you’re ready to move forward.
What to do if you see mapping or syncing issues
- If you see a flag about missing account mappings, click Please preview and update the mappings right away.
- Contact your CSM or support team if you’re experiencing syncing issues.
Closed periods can’t be reopened
Once a period is closed, you won’t be able to reopen it. If you spot an error in a closed period or need to make changes, please contact your CSM or our support team for help.
Troubleshoot unexpected calculations
If something looks off with the numbers in your books, reach out to your CSM or our support team for clarification or additional support.