> ## Documentation Index
> Fetch the complete documentation index at: https://docs.spineworkspace.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Finance & RevOps Workflows: Triggers, Steps, Handoffs, and Receipts

> Primary Finance and RevOps workflows in detail: Monthly Close, Renewal Booking, Reconciliation, Forecast Update, and Revenue Recognition.

Finance and RevOps runs on five primary workflows. Each workflow is triggered by an event, moves through governed steps with defined handoffs and approvals, and ends with a receipt.

Monthly Close Workflow:

* Trigger: calendar event signaling the start of the close period.
* Steps: close checklist is initialized; reconciliation tasks are distributed; journal entries are drafted and reviewed; final close is approved.
* Handoffs: from calendar event to close coordinator, to analysts, to reviewer, to approver.
* Approvals: material adjustments and journal entries require sign-off before posting.
* Receipt: a closed period record with completion checklist and audit timestamp.

Renewal Booking Workflow:

* Trigger: a contract enters the renewal window or a churn risk is flagged.
* Steps: Renewal Agent assembles context; proposal is drafted; negotiation occurs; approval is obtained; CRM and billing are updated.
* Handoffs: from Renewal Agent to account owner, to legal, to approver, to CRM connector.
* Approvals: discount and term changes beyond thresholds require manager sign-off.
* Receipt: updated contract record with new term, value, and booking confirmation.

Reconciliation Workflow:

* Trigger: unmatched transactions detected during intake or close.
* Steps: Reconciliation Agent proposes matches; analyst reviews exceptions; adjustments are applied; records are cleared.
* Handoffs: from connector to Reconciliation Agent, to analyst, to reviewer.
* Approvals: large write-offs or manual adjustments require second-level approval.
* Receipt: matched record with match ID, variance explanation, and identity.

Forecast Update Workflow:

* Trigger: scheduled refresh or significant pipeline/event change.
* Steps: Forecast Agent rolls up data; assumptions are reviewed; draft is circulated; leadership approves; forecast is committed.
* Handoffs: from data refresh to RevOps lead, to Finance, to CFO review.
* Approvals: forecast commit requires CFO sign-off.
* Receipt: committed forecast with assumptions, confidence, and variance to prior.

Revenue Recognition Workflow:

* Trigger: new contract, amendment, or billing event requiring schedule computation.
* Steps: Revenue Agent maps performance obligations; schedule is computed; adjustments are applied; entries are posted.
* Handoffs: from contract event to Revenue Agent, to analyst, to close reviewer.
* Approvals: non-standard recognition treatment requires accounting approval.
* Receipt: recognition schedule with journal entry reference and audit trail.

**Related**

* [Overview](/internal-docs/domains/finance-revops/index)
* [Capabilities](/internal-docs/domains/finance-revops/capabilities)
* [Execution Flow](/internal-docs/domains/finance-revops/execution-flow)
* [System Flow](/internal-docs/domains/finance-revops/system-flow)


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