Xero Closes The Day. It Doesn't Close The Month.
Xero is brilliant at capturing transactions in real time. Bank feeds, invoice coding, reconciliations- it handles all of it.
But every month, there's a gap between what Xero knows and what your accounts need to say. That gap is filled manually. Spreadsheets. Journals entered by hand. Supplier estimates guessed from memory. Accruals that get missed. Prepayments that never got scheduled.
Month-end shouldn't require this much effort. The problem isn't your process. It's that no one ever built a tool to handle the timing work Xero leaves behind
Spread was built to fill that gap.
Xero Natively vs. With Spread
One Solution.
Three Month-End Problems. Solved.
An annual subscription invoiced upfront.
Spread reads the attachment and spreads the income across 12 months automatically. No manual journals, no spreadsheets. Your revenue always lands in the correct month.
A quarterly rent invoice arrives.
Spread reads the date range from the attachment and allocates the cost across the correct months before you've even looked at it. No more manual calculations or missed adjustments.
A recurring utility bill hasn't arrived.
Spread recognises the pattern, posts the monthly accrual, and reverses it automatically when the invoice arrives.
What Spread Does While You're Not Looking
No spreadsheets. No manual journals. Just Xero, working the way it should.
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Step 1: We Read Everything in Xero
What normally happens:
You’re trawling through Xero, invoices, bills, and attachments manually.
With Spread:
We automatically read the descriptions, scan your sales, costs, and all linked attachments in Xero. Nothing gets missed.
✅ A process anyone can operate
✅ Brings consistency with rules-based automation
Step 2: We Flag What's In The Wrong Month
What normally happens:
You’re eyeballing the P&L to spot what’s landed in the wrong month.
With Spread:
We flag transactions where income or costs don’t match the service period and automatically create the journals.
✅ Free yourself from repetitive tasks
✅ Costs and sales in the correct months for accurate reporting of profits
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Step 3: We Auto-Generate the Journals
What normally happens:
You’re building accrual and prepayment schedules in Excel, then keying them into Xero.
With Spread:
We calculate and post the correct journals, accruals, prepayments, and revenue deferrals straight into Xero.
✅ No spreadsheet, reduced errors
✅ Journals are consistent, accurate, and audit-trail ready
Step 4: You Review and Approve
Want to stay in control? You can preview, edit, or approve any journal before it hits your Xero ledger.
Our balance sheet reconciliation report offers another control layer.
✅ Choose your level of automation and review
✅ Makes review cycles faster and more focused
The Journals Are Ready Before You've Even Started Month-End.
You Just Approve Them.
Most accountants are still doing this in Excel. That's a spreadsheet that's wrong half the time, lives outside Xero, and only one person knows how to use.
Who's it for?
Spread is built for finance professionals who need their numbers to be right, and need to be able to prove it.
1 / Finance Teams using Xero
Your invoices land in Xero on the invoice date. Not the service period date. Which means every month, some of your costs are in the wrong period, and fixing it manually at that volume isn't possible.
Spread reads every invoice and attachment in Xero, detects the timing difference, and posts the correct journals automatically. Every adjustment is traceable. Every balance sheet code is reconcilable. And when someone asks what's in your prepayments balance, you'll have the answer.
Close with confidence, not crossed fingers.
2 / Accountancy Practices
Every client, every month, the same adjustments. Done differently by whoever's doing the work that day.
Spread brings consistency to how accruals, prepayments and deferred revenue are handled across your entire portfolio. The same rules, applied the same way, every time. No individual discretion. No knowledge that walks out the door.
Your senior accountants stop doing the work. Your whole team closes faster. And you take on more clients without adding headcount.
3 / Fractional CFOs and Finance Directors
You can't advise on numbers you don't trust. So you wait for adjustments, for corrections, for someone to confirm everything is right.
By the time you get there, the moment has passed.
Spread automates the adjustment layer continuously throughout the month so the numbers are ready when you need them, not a week after you needed them.
Earlier visibility. Faster reporting. Conversations that land when they still matter.
4 / Self Employed Bookkeepers
The work that eats your time isn't the work your clients pay you for.
Spread automates accruals, prepayments and deferred revenue journals directly in Xero, so the repetitive month-end grind happens automatically and you're left reviewing, not creating.
Take on more clients. Work fewer hours. Keep the margin.
Customer Testimonials
“The repetitive accruals and prepayments work we used to do is now gone.”
Common Questions
Q: How do I automate month-end close in Xero?
A: Xero doesn't automate the timing adjustments required at month end. Accruals, prepayments, and deferred revenue still require manual journals. Spread connects to Xero and handles these automatically, posting and reversing journals each month without spreadsheets or manual input.
Q: What does Spread automate in Xero?
A: Spread automates accruals for missing supplier invoices, prepayment schedules for upfront costs, and revenue recognition for deferred or multi-period income. All journals are created and reversed directly in Xero.
Q: Does Spread work alongside Xero or replace it?
A: Spread works alongside Xero as a certified connected app. Xero remains your accounting system. Spread handles the adjustment layer that Xero doesn't manage natively.
Q: How long does it take to set up?
A: Most users connect Xero and complete initial configuration in under five minutes. The product walks you through nominal account mapping and supplier settings before your first month-end run.
Your Next Month End Doesn't Have To Look Like The Last One
Read our complete guide: How To Automate Month End Close in Xero
Most people who book a demo are posting journals through Spread by the end of the call. Takes 10 minutes to connect your first organisation.
7 day trial available