The monthly close
How the autopilot categorizes transactions and closes each period into locked, reconciled financial statements.
A close is the accounting ritual of drawing a line under a period: every transaction is categorized, the books are reconciled against the bank, and the month is locked into statements you can rely on. FormBridge runs this automatically each month so your numbers are always close-ready.
Auto-categorization
As transactions sync, the Bookkeeping autopilot assigns each one an accounting category — revenue, cost of goods, software, contractors, bank fees, owner draws, and so on. Because every agent decision is auditable, you can see why a transaction landed where it did, and correct it if you know something the agent doesn't. Corrections are appended, not overwritten, so the history stays intact.
- Categorization
- Each transaction is mapped to an income-statement or balance-sheet account so it flows into the right line of your reports.
- Reconciliation
- The agent checks that your categorized ledger matches the actual bank balance for the period — catching duplicates, gaps, and miscategorized items.
- Close
- Once reconciled, the month is locked and a P&L, balance sheet, and narrative are produced for that period.
What a closed month gives you
- A profit and loss statement for the period — what you earned and what you spent.
- A balance sheet as of the close date — what you own and owe.
- A plain-language narrative summarizing the month's movements and anything unusual.
- Clean inputs for the Tax autopilot, which assembles your return from closed books.
FormBridge does the bookkeeping mechanics — categorizing, reconciling, and reporting. It does not give accounting or tax advice, and it won't take a position on a judgment call. When something needs a professional opinion, it routes to a licensed partner rather than guessing.
Once a month is closed, head to reading your financials to make sense of the numbers.