My December blogs focused on classic, year-end closing tasks. Collecting receivables, reconciling accounts, paying year-end bonuses. All very important, but it’s already the new year and there is still work to do. I won’t remind you to prepare annual budgets, issue...
My earlier blogs on this subject covered steps to be taken prior to year-end. With those tasks completed, it’s time to dive into the real year-end closing work. Namely, account reconciliations. Reconciling an account is an accounting process used to make sure that the...
Now that you’ve read my previous blog and gathered necessary information, it’s time to begin the year-end closing work itself. It’s not a particularly difficult undertaking but, especially if you’ve been slack in your monthly closings, it can be time consuming. Begin...
It’s that time of year. Santa is “making a list and checking it twice.” Accounting managers should do the same: They should prepare a year end closing checklist. Not all year end tasks must be accomplished before December 31st but, without a checklist, managers can...
You probably have a Gmail account. If you do, you are one of over 1.5 billion Gmail users. You may think you’re in good company. You’re not. It’s time to change to a more secure email service. Gmail is ubiquitous. Want to post a comment on YouTube? You’ll need a...
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