You make the rules! If your annual budgeting process is not working then change it! This is the time of year when most companies are kicking off their annual budgeting process much to the chagrin of everyone. If it is a typical budgeting process it takes too much time, too many resources and never seems…
We’ve talked about the importance of replicable and sustainable accounting results that support a better flow of data. This includes from source to reporting to operations with the fewest number of manual adjustments possible. Controls and audit trails serve a purpose. They ensure results are provided consistently, which breeds trust in the data and eliminates noise…
Financial consolidation is the process by which you collect and tally an organizations results, usually for a company with multiple legal entities, for external reporting. Those external reporting consumers are a variety of types of consumers usually based concerned party. They vary from governmental agencies, like the SEC, to banks, or to controlling and non-controlling…
Management needs to know the results of the activity of the period as quickly as possible. They are looking for answers to the following questions, among many others: The Feedback Management needs to know the results of the activity of the period as quickly as possible. They are looking for answers to the following questions: Are initiatives working? Management really…
A solid close process, system, and team provides value to an organization that is significant and should be appreciated beyond the “just a cost-center” mentality. A solid close provides insight, visibility, confidence in the health of the organization, and the direction of where it is headed. Accurate and timely close reporting can add immense value…