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Month-end close should not feel like a fire drill. But for many small businesses, it does. Late nights, rushed decisions and numbers that change after the reports go out. Leadership loses confidence in the data and the cycle repeats every month. The problem usually is not complexity. It is lack of process.
Here is why close becomes painful and how to fix it.
Work Is Pushed to the Last Minute
Transactions pile up all month and get addressed at close. When everything happens at once, mistakes happen. Weekly routines keep close manageable and predictable.Accounts Are Not Reconciled Regularly
If bank and credit card accounts are not reconciled throughout the month, close turns into detective work. Reconciliation should confirm activity, not uncover surprises.Cash Posting Falls Behind
Unapplied payments distort AR and delay collections. Clean cash posting during the month keeps receivables accurate and reduces end-of-month cleanup.
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Receivables and Payables Are Not Reviewed Until Close
Waiting until the last day to look at aging reports guarantees stress. AR and AP should be reviewed weekly so nothing is unfamiliar at close.No Clear Ownership of Close Tasks
When everyone owns close, no one owns it. Clear responsibility ensures tasks are completed on time and in the right order.Adjustments Are Made Without Documentation
Last-minute journal entries with no explanation confuse future reviews and audits. Clean documentation protects accuracy and saves time later.
If close consistently feels harder than it should, reply to this message. I can help you build a simple month-end process that gives you accurate numbers without the monthly scramble.
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