FAQ
Questions, answered straight
Updated
What does SigmaClose do?
SigmaClose combines several QuickBooks Online companies into one set of financial statements: a profit and loss, a balance sheet and a cash flow statement, by month. Each statement has a column per company, a column for the money that moved between your own companies (eliminations) and the combined total.
Can SigmaClose change anything in my QuickBooks?
No. SigmaClose only reads. When you connect, QuickBooks will say the app can read and change your books, because QuickBooks gives apps one kind of access and has no read-only option. SigmaClose only ever sends read requests: your company name, your list of accounts and your monthly reports.
Which accounting software does it work with?
QuickBooks Online, for companies that keep their books in US dollars. It doesn't work with QuickBooks Desktop, Xero or other accounting software today.
What are intercompany eliminations?
When one of your companies pays, lends to or invests in another, both companies record it. Added together, that money is counted twice. An elimination removes both sides, so the combined statements show only what the group did with the outside world. SigmaClose suggests the pairs and shows them in their own column. More in the eliminations guide.
What happens when the two sides of an elimination don't match?
Both sides are still removed in full, and the difference goes to a balancing account in Equity, where you can see it. It is never hidden. The month-end checks flag the pair so you can find the entry that is missing or wrong.
Which reports and periods are there?
Profit and loss, balance sheet and cash flow, for a month, a quarter, year to date, a full year, the last 12 months or any range you pick, on your own fiscal year. You can view the combined total alone or with a column per company.
Can I export the statements?
Yes. Download any statement as an Excel spreadsheet, a CSV file or a PDF, or build a report pack: a PDF with a cover, a summary and the three statements, in your group's logo and color.
What do you store, and is it safe?
For each company: its name, its list of accounts and each account's monthly totals. Not individual transactions, customers, suppliers or bank details. The QuickBooks connection is stored encrypted and is never shown or logged. We don't sell your data or use it to train AI models. Details are in the privacy policy.
How up to date are the numbers?
As of the last refresh. Each company shows when it last synced, and an admin or editor can refresh from QuickBooks at any time, so a change you just made shows up after the next refresh.
Can my accountant or team see the statements?
Yes. Invite people to your group as admins (connect companies, manage the team), editors (refresh, set up eliminations) or viewers (read the statements). Each person signs in with Google.
Can an AI assistant read my numbers?
Yes, if you let it. SigmaClose has a read-only MCP server that assistants such as Claude can connect to with your sign-in. They can read the statements, explain a line, compare periods and run the month-end checks. They can't change anything.
Is there an iPhone or Android app?
Both are coming soon. The iPhone app is built and on its way through App Store review; Android follows from the same code. Until then the website works on a phone.
How much does it cost?
We haven't set the price yet, and no one is charged until we do. The plan is one flat monthly price per group, for any number of companies and people. See pricing.
How do I get started?
SigmaClose is in private testing with a small group, by invitation. To ask for a place, send a message from the contact page saying how many companies you run.
Are the statements audited?
No. SigmaClose adds up what's in your QuickBooks. It doesn't check that your books are right, and it isn't a substitute for your accountant, auditor or tax advisor.
Something we didn't answer?
Send it from the contact page. A person replies.