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Month-End Close

Accrue unsynced card spend at month-end with Ramp's Accounting Agent

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What the source describes

Ramp's launch post for its Accounting Agent says it codes every line item, reviews every transaction, and flags anything needing judgment, with routine low-risk spend auto-syncing to the accounting system. At month-end, Ramp accrues transactions that are not ready to sync so spend lands in the right period, reverses the accrual the next month, and reconciles with the ERP, flagging missing, duplicate or mismatched transactions. Corrections can be given once in plain language and the agent learns from them.

Result or outcome

Ramp says teams using its Accounting Agent are seeing 3.5x more transactions coded automatically versus legacy tools, 98% accuracy on transactions marked ready to sync, and 70% fewer corrections in the first month, figures its footnotes tie to Ramp's internal and early-access data. Ramp also says the close happens 3x faster every month. These are the vendor's own claims.

How to run it

  1. Confirm your team is on Ramp Plus, where Ramp says the Accounting Agent is available, and choose whether it may code, review, sync or all three.
  2. Let routine low-risk spend auto-sync during the month, and give coding corrections once in plain language so the agent learns them.
  3. On the last day of the month, list the card transactions that are not ready to sync because receipts or coding are missing.
  4. Let Ramp accrue those transactions and reverse the accrual next month, or paste the list into the prompt on this page to draft the entries.
  5. Send the reminder messages to cardholders, sync each transaction once details arrive, and check the ERP reconciliation for missing, duplicate or mismatched items.

Try it yourself

Copyable prompt

It is the last day of [month] and these card transactions for [company name] are not ready to post because receipts or coding are missing. Here is the list with date, merchant, amount, cardholder and department. Group them by likely GL account and department, and draft one consolidated accrual journal entry dated [month-end date] with a matching reversing entry dated [first day of next month]. Include a memo for each line. Then list which cardholders to chase, with a short reminder message I can send each of them asking for the missing receipt or business purpose.

[paste unsynced transactions]

Replace the [bracketed] placeholders. Remove client names, account numbers, and personal data before pasting into any AI tool.

What to review

Check that the accrual is dated in the closing month, the reversal is dated in the next month, and totals by GL account and department agree to the unsynced list. When the original charges sync, confirm they are not double-counted. Ramp's coding and accuracy figures are based on its internal data, so test a sample of auto-synced transactions yourself.

Related free download: Month-End Close Checklist for Small Business Bookkeepers (Printable checklist (PDF))

Source: Ramp Blog (product announcement)

Not professional advice. This is general information, not accounting, tax, legal or financial advice. Check AI output yourself and consult a licensed professional for your situation. See our Terms of Use.

This entry summarizes a public source. Features, plans, and availability change, so confirm details with the vendor. Tool names are trademarks of their respective owners.

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