finance:journal-entry-prep
Prepare month-end journal entries and accruals.
A step up from finance:journal-entry — this function handles the full slate of recurring and judgement-based entries needed to close a period properly. Give it your open items and period context and it prepares a complete set of entries with supporting rationale for each accrual.
EverClean example
finance:journal-entry-prep
Period: June 2025 (EverClean's first month post-seed funding)
Open items to accrue or adjust:
- Engineering consulting invoice not yet received — estimated $22,000 based
on the SOW milestone reached June 28
- 6-month product liability insurance policy paid upfront June 1 — $9,600 total
- 3 units shipped to showroom partners June 30, recorded at manufacturing cost
of $2,100 each — not yet invoiced (consignment terms)
- Angel investor convertible note accrued interest at 6% annual rate
- Founder salaries of $12,500 each (x2) paid July 3 for June work
Basis: Accrual accounting, US GAAP
What you’ll get: A full set of month-end journal entries — accrued expenses, prepaid amortization, deferred revenue, interest accrual, and accrued payroll — each with account codes, amounts, and a one-line rationale explaining the accounting treatment.
Useful follow-up prompts
- “Which of these entries will reverse in July and should be flagged as reversing entries?”
- “The engineering consultant came back with an invoice for $24,500 — prepare the entry to true up the accrual.”
- “Prepare a summary memo of all June accruals suitable for our external bookkeeper to review.”