5 tips to speed up month end reporting
Completing the same process, twelve times a year should be straightforward. Unfortunately for many, this is simply not the case.
So why are you still closing the previous month nearly a whole month later?
It’s a familiar story. Every month there is the big build up, followed by frenetic activity in the rush to produce numbers and provide reports to ensure the business complies with whatever regulatory frameworks exist. In addition, there is the requirement to efficiently inform the various organisational stakeholders of the results. Set against this is the many challenges arising out of data being mishandled or misunderstood; information arriving late (if ever) from sources and people that are sometimes even later than that!
Aqilla release their fourth whitepaper in the Accounting Web Masterclass which looks at the key issues and areas that can be improved upon to alleviate the problem of a slow month end close.
To download this paper, or any others in the Masterclass series, visit our website.