Multi-entity from day one
Every legal entity lives in one system, with intercompany entries and consolidated reporting built in. No more one QuickBooks file per company, and no spreadsheet to tie them together.
Product
ClosedBySeven replaces QuickBooks. It is a complete accounting system: general ledger, bills and payments, invoicing, bank connections, and reporting.
Every legal entity lives in one system, with intercompany entries and consolidated reporting built in. No more one QuickBooks file per company, and no spreadsheet to tie them together.
Your month-end close runs from a checklist inside the accounting system, with an owner and a due date for every task. Everyone can see what is done and what is late, without a separate spreadsheet of procedures.
ClosedBySeven suggests transaction coding, bank matches, and intercompany matches, and drafts a first explanation of month-over-month changes. Accountants accept, edit, or reject each suggestion. Nothing posts without human approval.
Approvals, a full audit trail, and a package of reconciliations and support that your outside auditors can review directly.
We import your history from QuickBooks, including several company files at once, one per entity. ClosedBySeven connects to common banks, payroll providers, and expense tools. Customers typically go live in 6 to 10 weeks, timed to a month-end or quarter-end.
Inventory-heavy manufacturing, complex revenue recognition, and companies much above $100 million in revenue. If that describes you, NetSuite is probably the better fit, and we will say so on the first call.