One of the central processes in any business is the monthly accounting close stage. Each month the financial books must be reviewed to ensure everything has been accounted for properly. If a specific process is not strictly followed, the consequences can be very painful for a company. There are always differences or accounts that need to be reconciled, and if strict vigilance is not maintained, the differences may slowly mount, and reconstructing prior transactions will be a lot more difficult. Recurrent accounting processes will also help you detect errors and when an action can be taken to correct any nascent issues. Taking care of the company’s numbers will ensure that all the hard work you have put in in other areas of the company will be accurately portrayed.
Over time, my company, Celaque, has developed a set of documents that we prepare on a monthly basis to ensure our accounting is always as flawless as possible.Read More