Tie-out
In accounting, tie-out means proving a GL balance against supporting evidence.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 4
Authority
This definition follows Internal control — SOX §404.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
The lesson that teaches this
Accounting, 0 to 1 — a free course taught end to end on one month of one company, with the spreadsheet exercises to work it yourself.
Tie-out, in use
Quoted from the 6 documents that use the word — what it does to an interface, in the spec's own sentence.
The register is where an accountant goes when a tie-out fails.
Most teams end up with (1) for tie-out and (3) for detail.
Lopifi APIs: Xero, QuickBooks Online, NetSuite — 9. Journals and the general ledger
In Lopifi the close operates on the same components that render the statements, so a tie-out failure is visible on the balance sheet itself rather than in a parallel checklist tool.
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- Lead scheduleA summary page for one financial statement line: each account that rolls into it, with prior and current balances and any adjustments, cross-referenced to the reconciliations that prove each balance.
- Payroll journal entries, from gross to netGross wages, employer taxes, withholding and net pay as journal entries: what each payroll run books, how to accrue it at month end, and where benefits go.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- reconciliation (different control)
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
Terms this one depends on
Also in Close
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.