Category: Closing The Books

3/14/2022

How to Rebound from Pandemic-Related Accounting Problems

The pandemic caused innumerable business obstacles, and among all the added barriers, accounting-related woes have emerged as a universal challenge.

Every day we talk with companies that are fighting the good fight to keep up with their daily accounting demands amid pandemic-related complexities. And while each business has a unique story, what we are hearing in the way of accounting challenges is starting to become predictable. Whether the pandemic has increased or decreased revenue, the common threads that unite companies these days are more work, staffing problems, late and messy financials, a lack of accurate and actionable information, and budget issues.

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9/11/2018

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Clean Up Your Accounting Records Using These 7 Steps

Business owners deal with a lot of messes every day – back room inventory overflows, scheduling problems, and invoicing errors, just to name a few. Messes cause headaches, late nights, and if left unchecked, they can ruin a business. Unfortunately, the nature of running a small business inevitably leads to some messiness.

However, accounting records should never be one of these messes.

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8/28/2018

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Closing the Books for Businesses That Are No Longer Operating

When preparing for business operations to cease, there are numerous factors to consider, including closing the books. Ensuring the final close is done accurately is crucial for protecting financial interests and complying with business regulations.

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11/2/2017

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Be Prepared with this Accounting Year-End Close Checklist

Some companies close their general ledger earlier in the year and then wait until the end of the calendar year to close payroll, whereas other companies have a combined fiscal year-end close and calendar year close. Regardless of how your business chooses to handle the timing of closing activities, it will need to complete the end of year close accurately to give a complete picture of its financial position and plan for the coming year.

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10/7/2017

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Simplify with this Month-End Close Accounting Procedure Checklist

Month-end signals the need to tie all your journal entries together into a complete closing, which explains why it also strikes fear in the heart of business owners. Many owners dread this important step all month because they don’t have a clear picture of what they need to do to close correctly. They worry that they will miss an important step or miscalculate something that will substantially influence their financial documents.

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In Pursuit of Profit

How to Rebound from Pandemic-Related Accounting Problems

Clean Up Your Accounting Records Using These 7 Steps

Closing the Books for Businesses That Are No Longer Operating

Be Prepared with this Accounting Year-End Close Checklist

Simplify with this Month-End Close Accounting Procedure Checklist

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