According to the Journal of Accountancy, the average company now performs their month-end closing in 5 days. Some companies perform their closing in a single day as a few organizations perform a “virtual close” performing no closing tasks after month end except those required to close the previous day. This workshop will provide attendees with ideas to prepare financial information faster, better and cheaper.
To present and share tools and techniques for assisting financial managers shorten their financial statement close.
Understand trends month-end closings such as the Quick Close, Soft Close and Virtual Close. Solve and prevent computer systems headaches that slow you down. Get organized and simplify your life. Identify the improvement projects that will yield the biggest benefit. Make your bank statement old news. Value accounts payable without guessing or waiting for vendor invoices. Get inventory and cost of sales under control.
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