Overview
Your whole multi-entity month-end. One place. Connected to Xero.
CoreClose is built for accountants and finance teams who are tired of running month-end across spreadsheets, mapping files, intercompany workbooks and separate consolidation models.
Connect your Xero organisations and bring your entire close into one connected workspace, from reconciliations and journals through to consolidation, reporting, budgets and cash flow forecasting.
CoreClose works directly with your live Xero data. Trial balances and general ledgers flow straight from Xero, with drill-through to the underlying transactions. And it works both ways. Journals created in CoreClose can be posted directly back to the right Xero organisation.
Run your entire close in one place
Intercompany reconciliation See intercompany balances across every entity in one view, quickly identify mismatches and post correcting journals directly to Xero. At group level, standing and revaluation eliminations take intercompany balances to nil each period.
Multi-entity consolidation Consolidate multiple Xero organisations into one group, including multi-currency FX translation, historical equity rates and FX translation reserves.
One group chart of accounts Map different entity charts to a standard group chart, giving you consistent consolidation and reporting across the group.
Prepayments and journals Manage prepayment schedules, recurring journals and one-off adjustments, with entries posted directly back to Xero.
Balance sheet reconciliations Substantiate every balance sheet account each period and clearly see what is complete, outstanding or needs attention before you close.
Period close and audit trail Lock completed periods once they're signed off, supported by an append-only audit log of changes.
Management and statutory reporting Turn your close into management and statutory financial reports, with notes and drill-through to the underlying transactions. Produce cash flow statements that tie to the movement in cash and export reporting to Word and Excel for your board packs.
Budgets, forecasts and cash flow Build budgets and forecasts by entity, account and month, blend actual results with forecasts, and maintain a driver-based monthly cash flow forecast.
Built by accountants who actually run month-end
CoreClose was built around the way real multi-entity finance teams work.
Instead of adding another tool alongside your spreadsheets, CoreClose is designed to replace the disconnected spreadsheets and manual processes sitting between your Xero organisations.
One workspace. Live Xero data. Your entire multi-entity close.
Start your free trial and see what your month-end looks like without the spreadsheets.
CoreClose + Xero
How CoreClose integrates with Xero
CoreClose connects directly to Xero using OAuth 2.0. Authorise each Xero organisation once, then manage your entire group from a single CoreClose login. Each organisation has its own connection that you can review or disconnect at any time.
Live Xero data
CoreClose pulls your trial balances and full general ledger directly from the Xero Accounting API, together with your chart of accounts, contacts, currencies and invoice and bill payment status.
After the initial sync, CoreClose uses incremental syncing to retrieve changes from Xero, with a full refresh available whenever required. Figures can be drilled through to the underlying Xero transactions, giving your team a clear path back to source.
Post directly back to Xero
The integration works both ways. Recurring journals, one-off journals and correcting entries from intercompany reconciliation can be posted as manual journals directly into the correct Xero organisation.
This means your finance team can work across multiple entities without continually switching between Xero organisations to process month-end entries. Any Xero validation errors are surfaced within CoreClose.
Automate the repetitive work
CoreClose uses your Xero data to handle many of the mechanical parts of month-end, including refreshing balances and ledgers, tracking invoice and bill payment status, translating foreign entities using the appropriate FX rates, preparing recurring journals and matching intercompany balances across entities.
Mismatches and items requiring attention are brought to your team for review.
Run the close from start to finish
Connect your Xero organisations and sync the data. Map each entity to your group chart of accounts, then work through prepayments, journals, intercompany and balance sheet reconciliations, posting adjustments back to Xero where required.
From the same workspace, consolidate the group with FX translation and eliminations, lock completed periods, produce management and statutory reporting, prepare board packs, and maintain budgets and cash flow forecasts.
Every posting and change within CoreClose is captured in an append-only audit log.
One connection between Xero and your entire month-end
CoreClose reads from and writes to your live Xero organisations, keeping Xero as your accounting system of record while CoreClose becomes the workspace for your multi-entity close, consolidation and reporting.
No re-keying. No separate data uploads. No constantly switching between Xero organisations.
Pricing plans
This app includes a free 14 day trial
CoreClose - Complete
- + $20.00 /per additional xero entity/month
- Xero Integration: live GL and trial balances direct from Xero
- Consolidation: multi-entity consolidation with FX & eliminations
- Intercompany: reconcile mismatches & post corrections to Xero
- Balance Sheet Recs: substantiate and sign off every account
- Journals: recurring & one-off journals posted direct to Xero
- Prepayments: automate schedules and monthly amortisation
- Reporting: management, statutory & board-ready reports
- Budget & Forecast: P&L, balance sheet & cash flow
- Period Close: lock periods with a complete audit trail
- Multi-Entity: 5 Xero entities included, add more anytime
CoreClose - Free Trial
- Xero Integration: live GL and trial balances direct from Xero
- Consolidation: multi-entity consolidation with FX & eliminations
- Intercompany: reconcile mismatches & post corrections to Xero
- Balance Sheet Recs: substantiate and sign off every account
- Journals: recurring & one-off journals posted direct to Xero
- Prepayments: automate schedules and monthly amortisation
- Reporting: management, statutory & board-ready reports
- Budget & Forecast: P&L, balance sheet & cash flow
- Period Close: lock periods with a complete audit trail
- Multi-Entity: 5 Xero entities included, add more anytime
Getting started
Getting started with CoreClose
Getting your group into CoreClose is straightforward. Connect your Xero organisations, map your accounts and start running your close, with accountant-led onboarding support available to help you get it right from day one.
Create your account
Start your free trial, create your company, invite your team and enable two-factor authentication.
Set up your group
Add the entities that make up your group and define the structure you want to consolidate and report.
Connect Xero
Connect each Xero organisation through Xero's secure OAuth authorisation. Each connection is made once and can be reviewed or disconnected at any time.
Pull your Xero data
Run your first data sync to bring each organisation's trial balances and general ledger into CoreClose. Your initial sync brings in your history, then incremental syncing keeps CoreClose up to date with changes in Xero.
Map your chart of accounts
Map each entity's Xero accounts to a single group chart of accounts and identify your cash, intercompany, prepayment, journal and control accounts.
Save your mapping as a template to make adding your next entity even faster.
Set up FX and your first close
For foreign entities, pull FX rates from CoreClose's rate provider or enter your own closing and average rates. Then choose the period you want to start running your close from.
Configure your month-end
Set up prepayments, recurring journals, intercompany accounts and balance sheet reconciliations for each entity. Once configured, your month-end processes carry forward from period to period.
Run your first close
Work through your month-end in CoreClose, post journals and intercompany corrections directly back to Xero, complete your reconciliations, consolidate the group and lock the period.
Then turn the same data into management and statutory reporting, board packs, budgets and cash flow forecasts.
Need help? We'll help you get your first close running
You're not left to figure it out on your own.
CoreClose includes in-context help throughout the platform, and our onboarding team can help you connect Xero, map your first chart of accounts and work through your first consolidation so your opening position is set up correctly.
Most importantly, CoreClose is built and supported by accountants who understand multi-entity month-end.
We know what it means when intercompany doesn't balance, your consolidation doesn't tie or your opening balances are wrong. You're getting help from people who understand the accounting, not just the software.
Connect your Xero organisations, bring in your data and start your first close.
