See defensible AI built for finance + a sneak peek at the next-gen platform. 
How To Build an AI-Ready Finance Function. 
What is a Closing Entry?
A closing entry is a journal entry made at the end of an accounting period to transfer the balances of temporary accounts such as revenue and expense accounts to permanent accounts like retained earnings. Closing entries reset temporary accounts to zero for the next period. Automated closing applies standardized logic and posts with full audit documentation.