A key way to check that every transaction is properly recorded: the year-end accounting close. In this article, we’ll unpack what the year-end close process entails and why it matters. We’ll also walk through crucial steps toward making sure your finances are in order before the new yea...
• Why does Month End Close Take Time • A Guide to Automated Accounting: Benefits and Tips • What Are Receivables in Accounting: Types, Examples, and More • Tackling eInvoicing and Payment Reconciliation Scenarios in Microsoft Business Central 365 • Five Key Takeaways From the...
Let’s say your business wants to create month-end closing entries. During the accounting period, you earned $5,000 in revenue and had $2,500 in expenses. You did not pay any dividends. First, transfer the $5,000 in your revenue account to your income summary account. Debit revenue and...
Streamlined the month-end close process, reducing close time by 4 days, thereby enhancing the timeliness of financial reporting for stakeholder decision-making. Facilitated cross-departmental training on budget management and financial analysis, elevating the financial acumen across non-finance departments....
Business-minded, passionate accounting clerk, skilled in accounts payable, accounts receivable, payroll, month-end close, year-end close, and record-keeping. A great time manager with a keen eye for details and an efficient and goal-oriented attitude. See what’s going on here? The last of ...
Here are seven tips to fast-track your accounting career: Become A CPA Gaining the CPA credential can give your accounting career a head start. This qualification is widely recognized across the country. It will provide you with a clear advantage whether you decide to work in public accounting...
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"We’ve been working with TGG for over the last 5+ years to help strengthen our accounting practices. Our accounting team has benefited from improved day to day processes, month-end close procedures, and overall increased financial acumen. TGG has also been able to scale with us as our busi...
But accountants must be able to prepare financial reports and give reliable financial advice based on close examination, analysis, and interpretation of accounting records. When looking at your resume, hiring managers want to see how you demonstrate these skills. Follow these three tips to write an...
What parts of the month-end close do you have hands-on responsibility for? What systems do you currently use/have you used in the past? Tell me about your [Specific System Mentioned] skills Who do you currently report up to? A CFO? Controller? Asst. Controller? (This can indicate how ...