Ask any accountant about the end of the month and they are likely to respond with a groan. For many, month-end means closing the month, which involves a nightmarish process of reconciling, adjusting, accruing, and correcting. The process involves long hours and wasted time trying to track down pertinent information, going through document details, and updating spreadsheets from the prior month.
Staff accountants spend time seeking information from disconnected systems and trying to reconcile their numbers with the ad-hoc records maintained by other members of the organization. Leaders are left waiting around for information to be provided by accounting.
While this whole process is inefficient and frustrating for the accountant, it is also a costly waste of time that could be better spent in meeting the needs of organization leaders.
This ebook provides 5 symptoms and 5 cures to help modernize your month end financial close.
Download the eBook here – Take the Pain Out of Month-End Modernize Your Financial Close with Acumatica