As the core system for managing your bookkeeping client companies, Tight’s Bookkeeping
platform is
specifically designed to minimize the resources required to perform closings (aka reconciliations) and deliver monthly
financial summaries, including optimizing the formerly painstaking process of gathering necessary information from
the business owners.
Obtaining time-sensitive information from business owners is often a bottleneck for bookkeepers to perform closings.
When additional context is needed to classify or reconcile transactions, Tight enables bookkeepers to start
conversations directly on specific bank transactions. Business owners are notified via SMS, email, or your platform’s
notification system, and can respond from the Business Owner Dashboard
with explanations or attachments. This contextual, transaction-level collaboration minimizes follow-ups and keeps
closings moving without requiring bookkeepers to leave their daily workflow.
While many accounting platforms still
require legacy manual bank reconciliation processes,
Tight embraces the new era of ongoing reconciliation. Tight automatically pulls bank account balances on an ongoing
basis and validates against corresponding General Ledger balances to detect discrepancies. When discrepancies are
detected, Tight automatically flags the affected bank account so the bookkeeper can address issues as they arise. In
most cases, where discrepancies do not arise, the bookkeeper is no longer required to do any manual labor.This approach allows bookkeepers to maintain accurate books throughout the month instead of back-loading
reconciliation work at month’s end. At the end of the month, Tight automatically ingests bank statements and creates
a monthly closing for each bank account. If the General Ledger balance matches the statement balance, the monthly
closing is automatically reconciled, minimizing manual effort for the bookkeeper.
For bookkeepers that prefer going through the popularized legacy reconciliation method of going through transactions line
by line, Tight’s Bank Reconciliation UX requires zero learning curve for bookkeepers familiar with legacy accounting
platforms like QBO or Xero. Tight enhances this experience by automatically pulling bank statements via its banking
integrations where possible. When not possible, bookkeepers can upload bank statements for a given period and then move
forward validating that the transactions in that period match those in the bank statement.
Once all bank accounts are reconciled for the month, bookkeepers can easily deliver a monthly financial summary for
business owner review. Business owners access the summary from the
Business Owner Dashboard, where they can review finalized
financials in a read-only experience.Business owners can open a conversation directly on the monthly summary, enabling business owners to ask questions or
discuss the books with their bookkeeper in a single, contextual workflow.
At the end of the year, Tight automatically creates an annual closing entry to close out the prior year’s Profit & Loss
activity and prepare the books for the new fiscal year. Once a year is closed, books can be locked to prevent any
further changes. Bookkeepers, provided they have the
correct permissions, are able to reopen closed years to make
adjustments as needed.
