Happily Ever After Core Guiding Principles to Achieving a Fairy Tale Month-End Close

On average, it takes companies 8 working days to close the books each month, and 10 working days to close each quarter. That’s 40% to 50% of our working month spent finalizing the financials. Shouldn’t those 8 to 10 days be just as joyful, or perhaps just not as awful, as the rest of the month?

Well, Happily Ever After doesn’t just happen, except of course, in fairy tales. Hard work alone is not enough. A month-end close that achieves a fairy tale ending is forged through discipline, teamwork, and the right tools. From the thousands of accountants we have spoken with, we consistently observe several themes that seem to live on in accounting groups that close efficiently and effectively month after month.

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