We often see business owners struggling with closing their books – or thinking they don’t need to. But it is essential for maintaining the health of any organization. Here are five reasons you should make closing the books a priority at your company:
- Helps you make better decisions
- Gives you job project and department-level visibility
- Helps you identify business challenges much more quickly
- Allows you to spot sudden changes in cash flow
- Holds your management team accountable
So, How fast should you close the books?
- Fair: 4 weeks:
- Good: 3 weeks
- Better: 2 weeks
- Best: 1 week
Want to learn more? Contact me at Greg@futureproofgrp.com