Close module
Month-end close software that runs itself
Lumio360's Close module replaces the spreadsheet checklist, the approval email chain, and the last-minute board-pack scramble. Every task, journal, reconciliation, and report lives in one place — so your team closes faster without losing control.
Everything in one close
Sixteen capabilities built to work together — not a collection of disconnected tools bolted into one menu.
Dashboard & orchestration
Close dashboard
Every task, owner, and due date on one screen. Your close runway is visible from day one.
Close runway
A rolling view of what's open, overdue, and complete — updated in real time as your team works.
Approvals workflow
Route any task or schedule to a reviewer with a single click. Full audit trail of who approved what and when.
Journals & schedules
Lead schedules
Build and maintain balance-sheet support schedules that roll forward automatically each period.
Reversing journal entries
Post an accrual or prepayment once — Lumio360 reverses it automatically in the next period.
Accruals & prepayments
Track every accrual and prepayment with amortisation schedules that feed directly into the P&L.
Fixed assets
Maintain your fixed-asset register, calculate depreciation, and post disposals — all within the close.
Reporting & review
P&L, balance sheet, cash flow
IFRS- and GAAP-ready financial statements built from your trial balance with no manual reformatting.
Flux analysis
Month-on-month and year-on-year variance commentary generated against every line item — with AI explanations on request.
Board pack
Export a polished, branded PDF pack from your close data with one click. No more copy-pasting into PowerPoint.
Trial balance
A live, drillable trial balance tied to every journal and sub-ledger in the system.
Ledger review
Flag unusual postings, duplicate debits, and unreconciled items before sign-off.
Reconciliation & compliance
Bank reconciliation
Match transactions automatically, clear exceptions fast, and carry forward unmatched items with full notes.
Audit room
A dedicated workspace for auditors: read-only access, document requests, and a complete evidence trail.
Who the Close module is for
Financial controllers
You own the close. The Close module gives you a real-time view of every open task, every exception, and every approval — so you're never chasing status updates on the day the CFO asks.
Management accountants
You do the work. Reversing journals post themselves, schedules roll forward, and the trial balance updates the moment you post — which means the last hour of the close isn't a panic.
External auditors
You need evidence fast. The audit room gives you read-only access to every document, journal, and approval trail without requiring a login to the core system.
By the numbers
Finance teams using Lumio360 report cutting their close in half within the first quarter.
Every approval, post, and edit is timestamped and attributed — no gaps, no surprises.
Bank rec, fixed assets, board pack, and audit room are all in the same platform as your close.
Frequently asked questions
What is month-end close software?
Month-end close software is a tool that coordinates every task required to close a financial period — journal entries, reconciliations, approvals, and reporting — in a single workspace, replacing spreadsheet checklists and email chains.
How does Lumio360 speed up the close?
Lumio360 eliminates the coordination overhead that slows most closes: tasks are assigned with deadlines, approvals are routed automatically, reversing journals post themselves, and the board pack is generated from live data — so your team spends time on judgement, not admin.
Does the Close module include fixed assets?
Yes. The Close module includes a full fixed-asset register with depreciation calculation, disposal handling, and automatic posting to the trial balance — no separate tool required.
What plans include the Close module?
The Close module is included in all three Lumio360 plans: Foundation (£249/mo), Professional (£499/mo), and Finance OS (£749/mo).
Can external auditors access the audit room?
Yes. You can invite auditors to a read-only audit room with scoped access to the documents and evidence they need — no need to share your full environment.
Ready to see it in action?
Book a 30-minute demo →