Close Management

Accounting Workflow Template

A structured accounting workflow template for documenting and managing recurring accounting processes. Defines task sequences, owners, dependencies, and timing for consistent execution of close, reporting, and compliance workflows.

How to use this template

1

Identify the workflow to document

Select the accounting process to document — month-end close, accounts payable, payroll, or another recurring workflow.

2

List all tasks in sequence

Break the workflow into individual tasks in the order they must be completed. Include any tasks with dependencies on previous steps.

3

Assign owners and timing

For each task, assign a responsible owner and a target completion timing (e.g., Day 1, Day 2, or specific business day of the month).

4

Identify dependencies and blockers

Note which tasks cannot start until a prior task is complete. Document any external dependencies such as bank statements or payroll reports.

5

Review and refine with the team

Walk through the documented workflow with the team. Capture feedback on missing steps, incorrect timing, or ownership gaps, then finalize.

Why use this template

  • Eliminates reliance on tribal knowledge — processes are documented and repeatable
  • Clear ownership and timing reduce delays and missed deadlines
  • Dependency mapping helps identify the critical path for close completion
  • Onboarding new team members is faster with clear process documentation

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