Closing the books faster is a permanent goal in the accounting sphere, but a successful close can’t just be fast–it also needs to be reliable and accurate. Flexi’s 25+ year history is rooted in serving industries where the need for security, performance, and speed are paramount —particularly the need for a faster period close. Flexi’s…
The pressure to close the books as fast as possible is higher than ever. According to Adra Match, 90% of survey respondents said they feel they are under pressure to close faster, while only 39% are satisfied with the quality of their closing process and only 28% trust the numbers reported at their month-end closes….
Daily period closing refers to the process of your staff recording daily collections from all sources, including cash, checks, and credit cards. For some, a daily close may seem overwhelming. However, instituting daily closings can be hugely effective in managing a company’s accounting, ensuring that financial data is always accurate, and pinpointing discrepancies before they…