Accounting firm practice management platform Canopy announced Wednesday that Canopy Close Automation is available to all customers in open beta.
Introduced earlier this year as Canopy Bookkeeping, the module has evolved into a native system of record that unifies client workflows with general ledger data to automate ledger monitoring, issue surfacing, and reporting, the Salt Lake City-based company says.
By surfacing live health scores, custom data monitors, period-close task templates, and client workflow together, Canopy says Close Automation brings continuous data oversight into the firm’s central operating system. The module currently features an integration with QuickBooks Online, with additional general ledger integrations planned.
The platform utilizes 11-plus data monitors that continuously track specific ledger anomalies in real time. This allows teams to track an explainable Books Health Score, giving firm owners a clear, quantifiable baseline to manage work and client needs, Canopy says. Because communication features are native to Canopy, accountants can resolve missing receipts or unclassified expenses with clients directly inside the platform, avoiding tedious rework.
Recommended Articles
“We want to help firms transition from a stressful month-end scramble to a proactive, continuous workflow,” Hanna Bjornn, vice president of product at Canopy, said in a statement on June 10. “By expanding our initial bookkeeping features into a comprehensive close automation tool, we are giving teams live visibility into client data health. Firms can resolve ledger items as they happen, collaborate effortlessly with clients, and gain total confidence in the numbers before they ever log into the general ledger to finalize the close.”
To streamline client delivery, Canopy Close Automation also introduces client financial reports and AI-powered insights. Rather than delivering static, lagging financial statements weeks after the month concludes, firms can automatically generate summaries, risk assessments, and anomaly reports. These reports are delivered directly to the client from Canopy. This real-time visibility supports more accurate service scoping, protects firm margins, and uncovers immediate opportunities for high-value advisory conversations, Canopy says.
More information about Canopy Close Automation can be found here.
Photo credit: Canopy
Sign in to get access to this free resource, and all of our whitepapers and reports.
Download this content today!
Register Now Already registered? Click here to Log In
