Blog

Home / Insights / Blog / Is Your Period-End Closing Process Up to Par?

Is Your Period-End Closing Process Up to Par?

by

When Sage Intacct asked small to mid-size businesses what they would change about their close, the most common themes were to make it faster and easier. Recurring suggestions included more automation, integration, and better reporting.

There is a correlation between hours spent on closing the books and some accounting solutions used by respondents. If your close is taking too long or you’re adding entities, it may be time to re-evaluate how you’re using your current solution or investigate alternatives.

The Ericksen Krentel team of Client Accounting Services professionals provides a local, personalized and responsive service tailored to meet your business goals. Not only can we put together your weekly, monthly, quarterly and yearly financial numbers, we can also interpret what they mean for the successful continuation of your enterprise.

How well does your close stack up against your peers? Click here to read the Intaact survey to find out how your close compares on important factors across people, process and technology. You can grade your close, identify potential actions to improve it and work with the Ericksen Krentel team to execute that strategy. 

About Ericksen Krentel

Ericksen Krentel CPAs and Consultants, founded in New Orleans, Louisiana in 1960 with offices in New Orleans and Mandeville, believes that serving as the clients’ most trusted adviser is grounded in going beyond the numbers.

That includes helping clients achieve their business and personal financial goals by providing innovative and exceptional services in the following areas: audit and assurance services, tax compliance and planning, outsourced CFO services and business valuations for a variety of industries; employee benefit plan audits; fraud and forensic accounting; business planning; IT consulting; loss calculations; and estate planning.

Learn more at www.ericksenkrentel.com.

Related Blog Posts

What You Need to Know About Electronic Funds Transfers

Have you received a notice from the Louisiana Department of Revenue saying you will be required to make electronic payments for tax periods due on or after January 1, 2020? If so, here’s some information – and links – to help you make those payments.

What’s New for 2020 Tax Deductions to Help You Plan for the New Year

The Internal Revenue Service recently released its updated tax deductions for 2020, including changes that come as part of the Taxpayer First Act of 2019. As a note, all changes discussed below are subject to Internal Revenue Service tax code, which is why it’s important to contact your tax professional to not only ensure compliance but also maximize these deductions.