Does the monthly close still need spreadsheets?

It should not. Entries arrive on their own from sales, purchasing and payroll, and financial statements can be read on screen at any point in the month. The spreadsheet stops being the system and becomes, at most, an output format.

How is the journal entry for a sale generated?

When the invoice is issued. XEN records the entry with the receivable, the sale and the tax according to your chart of accounts, and leaves it linked to the document. Nobody types it; your team reviews it.

Can I reconcile the bank from XEN?

Yes. You import the statement and XEN matches the movements with the entries by amount, date and reference. What does not match stays as a difference, with its reason, until someone resolves it.

What if I find a difference after closing?

A closed period is not edited. You record the adjustment in the open period with a reference to the original entry, and the history shows both: what was closed and what corrected it.

Accounting

A close you can explain.

Bring entries, documents and reconciliation into one workspace. Review differences before closing the period.

See the close in actionTalk to accounting

September 2026Prepare the close

Under review

Review the entries248 records in the general journal.
Check the documentsEach entry keeps its source reference.
Resolve the differences2 outstanding items to reconcile before closing.2

Sales entry$14,160=$14,160

Connected entries

Bring together movements from sales, purchasing and payroll. Every entry keeps its source reference.

Reconciliation in view

Compare amounts and find differences before closing. Your team can see what still needs review.

A verifiable close

See who recorded each transaction and when. Keep the review history for every period.

From entry to source

The entry shows its document.

The source document stays with the entry. Check amounts and find what is missing in the same context.

The document behind the entry.
Debit and credit amounts.
Differences awaiting review.

Source document for the entry

F001-00818

Customer: Northstar Supply
Sales base: $12,000
Taxes: $2,160
Total: $14,160

Entry JE-0248Linked to the sales document

Debit = Credit$14,160 on both sides

Accounting

From the entry to its source.

Follow each record to its origin and prepare the close with outstanding work in view.

My companyMain

Review the journal

Period entries with their source document.

September 2026

Period: September
Entries: 248
Differences: 2

Related recordsSearch records

Account	Description	Debit	Credit
1212	Accounts receivable	$14,160
7011	Goods sales		$12,000
4011	Sales tax		$2,160
TOTAL	Sales entry	$14,160	$14,160

4 records

$14,160=$14,160Ready for review

Every record keeps its source document.

One period, shared criteria.

Entries are generated on their own from sales, purchasing and payroll. Your team reviews the differences and confirms the close.

Check where each amount comes from.

Open the linked document and compare its amounts with the entry.

Entry JE-0248

Documented sale

$ 14,160

Sales base: $12,000
Taxes: $2,160
Document total: $14,160

Source: F001-00818 · Sales

Close with clear pending items.

Bring together the differences your team needs to review before confirming the period.

September close

Reconciliation pending

2

Bank movement: $480
Supplier payment: $1,200
Period entries: 248

Your team confirms the close

Accounting

Before you close your first month.

What accountants and managers ask.