Platform

Feature · Close controls & restatements

What you reported
stays reported.

Every close becomes an immutable as-reported record — not a mutable balance cache. If a period changes later, BeanStack preserves the original, shows the amended close beside it, and ties every restatement delta to the entries that caused it. The attestation layer of the same assurance system behind audit response and covenant compliance.

Early access — onboarding a limited number of PE-backed companies.

What it does

The controls an auditor
actually asks about.

Attestation

Closes freeze as reported

When a period closes, its full balance set is frozen as an immutable snapshot — the exact numbers you reported, reproducible at any later date.

As-reported

Reproduce any past statement

Pull the trial balance, balance sheet, or income statement exactly as it stood at any prior close — even after later corrections.

Reopen

Reopening is governed

A closed period only unlocks through an approval-gated reopen with a documented reason and a full audit trail — never a silent edit.

Restatement

Deltas explained, entry by entry

A restatement view compares any two closes per account, ties out the movement, and surfaces anything unexplained — loudly, not in a footnote.

How it works

How a restatement is handled.

01

The period closes and attests

The close finishes, the period hard-locks, and the as-reported balance set freezes automatically.

02

A correction is needed

The reopen request routes for approval with its reason. On approval, the correction posts through the normal controls.

03

The re-close preserves both

Closing again writes a second attested record linked to the first — the original is never overwritten, and the diff between them is computed line by line.

Why lenders and auditors care.

No silent rewrites — a backdated entry cannot quietly change what a closed period reported.
Every restatement is explainable — per-account deltas with the driver entries attached.
Period history survives people and systems — the record is structural, not procedural.

Books that hold up
under inspection.

Attestation, governed reopen, and restatement diffs run on the same ledger and controls as everything else.

Early access — onboarding a limited number of PE-backed companies.