Closing the books is a necessary and constructive accounting fundamental. You may agree, however, that it’s also a task ripe for transformation.
Because it straddles multiple systems and stakeholders, closing often relies on duplicative, manual, and time-consuming work. That means extra work for you that often falls outside of 9-5. And often that extra time is something clients don’t want to pay for.
Beyond the inefficiency, an unwieldy process can stand in the way of advisory work. Each extra day or week it takes to finish a close limits access to valuable client data.
It’s not surprising that more and more accountants are solidly on board with the idea of a continuous close.