Month-End Close Review

Have you ever wondered if your monthly financials are accurate and consistent? Do you wonder if your in-house bookkeeper has the knowledge and experience to ensure all transactions are handled correctly for ongoing financial reporting? Are you not satisfied with the time it takes to get your financials prepared each month?

In order to deliver consistent financial information, most businesses go through a Month-End Close process that verifies and validates the numbers in a company’s books. Depending on the size of the company, this can be a couple hour process performed by one person to a long and involved process spanning many days and involving many people.

Here at Blueback, we are firm believers in setting up processes and controls to ensure accurate and consistent financial reporting. All of our monthly accounting clients go through a month-end review to ensure our Quality Guarantee. The Month-End Close ensures consistent and accurate financial data; a key pillar in supporting a successful business. 

Even if Blueback does not provide monthly accounting or bookkeeping services to your business, we can still be involved in the Month-End process in a couple of different ways; we can build a Month-End Close workflow for you to perform monthly or we can prepare a Month-End Close workflow that your in-house bookkeeper can assist us in performing each month.

The process starts with Blueback taking a deep dive into your accounting processes and controls to get a clear picture of how money comes in and out of your business. From there, we analyze processes for potential efficiency and control improvements to make recommendations that support a more timely and effective process. We then review the level of detail you need your financials to have and then prepare a workflow that delivers Monthly Financials in the least amount of time and effort as possible.