SmartRec pulls each account's ending balance straight from your ledger, ties it to a workpaper, and runs it through preparer and reviewer sign-off — so the close is done, documented and defensible.
Every close, the same scramble: rebuilding workpapers, chasing which balance moved, and hoping the reviewer trusts a tab. There's no single view of what's done, what's outstanding, and who signed it off.
The ledger says one thing, the workpaper another, and the aged report a third. Tying them together is manual, every time.
Preparer and reviewer approvals live in inboxes. When the auditor asks who checked super at year-end, no one's sure.
Managers can't see progress by account or by staff until it's late. Bottlenecks surface on day six, not day two.
Link Xero, or import a trial balance and classification for any other system. Ending balances flow in for the period you pick.
Every balance sheet account lands in a register, grouped by classification, with its closing balance and movement on the prior period.
Tie each ending balance to its workpaper, add reconciling items, and attach the bank statement, schedule or confirmation.
Preparer marks it done, reviewer approves. Every account carries who, when and the variance — a clean audit trail.
Reconcile the closing balance of every account to a supporting workpaper, with the variance front and centre.
Two-stage approval on each account. Send back with a note, or approve and lock — all time-stamped.
Day-by-day close checklist with owners, status and completion — so nothing slips and everyone knows what's next.
Month-on-month movements with automatic flags over your threshold, ready for commentary before you close.
If the ledger balance shifts after a workpaper was signed, SmartRec flags it — no silent back-dated surprises.
Attach supporting docs, carry a workpaper forward to next period, and export the whole pack to PDF or Excel.
SmartRec reads balances through your existing Xero connection or a trial-balance file you control. No re-entry, no separate book of record — just a reconciliation layer over the numbers you already trust. Designed around AASB and the AU close.
SmartRec is in early access for accounting firms and finance teams. Join the list and we'll be in touch to get your practice set up.