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Continuous Accounting: An End to Period-end Chaos?
Posted by David Hope, Client Success Specialist, EMEA
For many finance professionals, closing the books at the end of a financial period is synonymous with long days and late nights spent wading through journal entries and seemingly endless reconciliations.
It’s arguably one of least enjoyable aspects of the job, with its uncomfortable blend of boredom and stress: You’re faced with a rigid procession of mundane tasks that pile up at the end of the month or quarter, and they need to be carried out by a strict deadline and with a high degree of accuracy.
Let’s face it: few people become accountants in order to focus their time and attention on period closes. Most are more interested in the work that comes afterwards – analysing results, spotting trends, making plans, advising the business on how it might best achieve its high-growth ambitions.
