A yearly financial close can be a laborious process that accounting and finance departments dread. It requires tracking down information from other departments, ensuring financials are accurate, and identifying/correcting errors. However, a financial close is only as hard as the business makes it. Having processes and procedures in place from the start will help minimize the time it takes to finalize a close. Here are a few steps that a company can take to help save time, reduce errors and increase the efficiency of their financial close.
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Do you find it challenging to manage your bookkeeping staff so they deliver important financial statements on time?.