Family D · Running the organisation
MeshFin Ledger
Financial accounting, ledger and close
The general ledger kept from the sub-ledgers as they post; the close run from a checklist with accruals prepared and reconciled; statements and management accounts produced with the narrative; and no journal approved by the person who prepared it.
MeshFin Ledger (MF-21), the service for financial accounting, ledger and close, is one of the twenty-four MeshFin services, in the "Running the organisation" family, which follows the BIAN Business Support business area. It covers the BIAN service domains Financial Accounting, Financial Statements, Financial Control and Enterprise Tax Administration in whole or in part. The general ledger kept from the sub-ledgers as they post; the close run from a checklist with accruals prepared and reconciled; statements and management accounts produced with the narrative; and no journal approved by the person who prepared it. It replaces general ledger add-ons, month-end spreadsheets, manual journals and narrative written from scratch each month. AI agents carry the work end to end; a named person takes every decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. It is core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech.
BIAN service domains this service covers
In the BIAN Business Support business area of the Service Landscape 14.0, in whole or in part. Lay this over your own BIAN map to see what MeshFin Ledger covers and what stays. BIAN has not reviewed or endorsed MeshFin.
- Financial Accounting
- Financial Statements
- Financial Control
- Enterprise Tax Administration
What it replaces
- General ledger add-ons
- Month-end spreadsheets
- Manual journals
- Narrative written from scratch each month
What it reacts to
- Sub-ledger posts
- Period ends
- Intercompany entry
- Variance beyond a threshold
- Audit request
- Journal proposed
The agents that carry it
Posting agent
Posts from every sub-ledger as transactions happen and keeps the ledger reconciled to each.
Close agent
Runs the close checklist, prepares accruals, reconciles the sub-ledgers and raises what will not reconcile.
Reporting agent
Produces the statements and management accounts with a plain-language narrative of the movements, every figure traceable to a posting.
Where a person decides
No decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation is taken by an agent alone. In MeshFin Ledger, these decisions are held for a named person, with the agent's evidence and recommendation attached.
| Decision | Who decides | Why a person |
|---|---|---|
| Manual journal above the threshold | Financial controller | A preparer cannot approve their own journal |
| Sign-off of the accounts | Chief financial officer | Statutory |
Records it writes
Ledger · Close evidence · Statements and management accounts · Journal with approvals
Before MeshFin: the baseline this service is measured against
Illustrative figures for a mid-sized institution on the systems the service replaces. Sample data, not a customer's. A live service reports what its agents are doing instead.
Close
9 days
today
Manual journals a month
3,100
today
Segregation of duties exceptions
found at audit
today
Narrative
written by hand
each month
Institutions: core for a universal and retail bank, core for a mutual and community bank, core for a non-bank lender and fintech. Universal and retail bank ● · Mutual and community bank ● · Non-bank lender and fintech ●.
Questions banks ask about MeshFin Ledger
- What does MeshFin Ledger do?
- MeshFin Ledger is the MeshFin service for financial accounting, ledger and close. The general ledger kept from the sub-ledgers as they post; the close run from a checklist with accruals prepared and reconciled; statements and management accounts produced with the narrative; and no journal approved by the person who prepared it. It reacts to events such as sub-ledger posts, period ends and intercompany entry, and writes ledger, close evidence, statements and management accounts and journal with approvals as records.
- Which BIAN service domains does MeshFin Ledger cover?
- Financial Accounting, Financial Statements, Financial Control and Enterprise Tax Administration, in the BIAN Business Support business area, in whole or in part. The mapping is to the published BIAN Service Landscape; BIAN has not reviewed or endorsed MeshFin.
- What systems does MeshFin Ledger replace?
- General ledger add-ons, Month-end spreadsheets, Manual journals and Narrative written from scratch each month. Because the service runs on the MeshFin platform, the licence, integration and upgrade costs of those systems retire with them.
- What do the AI agents do in financial accounting, ledger and close?
- The posting agent posts from every sub-ledger as transactions happen and keeps the ledger reconciled to each. The close agent runs the close checklist, prepares accruals, reconciles the sub-ledgers and raises what will not reconcile. The reporting agent produces the statements and management accounts with a plain-language narrative of the movements, every figure traceable to a posting.
- Which decisions does a person still take?
- Agents never take a decision with legal or financial effect on a customer, the balance sheet or a regulatory obligation. In MeshFin Ledger, a person decides manual journal above the threshold (financial controller) and sign-off of the accounts (chief financial officer). The record shows who decided, why, on what evidence and under which delegation.