close process
How to Review Consolidated Financial Statements Before Board Reporting
Elena had sent the board pack at 5 pm on the Friday before the quarterly board meeting. At 9 am…
How to Handle a Subsidiary That Has Not Completed Its Month-End Close
It was 4:30 pm on the day of the group close deadline. Marcus had seven of his eight subsidiary trial…
How to Prepare a Group Reporting Package From Consolidated Data
Harriet closed the consolidation model at 7pm on a Thursday — three days after the quarter end — and opened…
How to Build a Consolidation Review Checklist
Ben joined as group financial controller of a six-entity manufacturing group in March. His predecessor had left a generic consolidation…
How to Review a Consolidation Before Final Sign-Off
Victoria had run the group close for six years. Her consolidation model was well-built, her adjustment schedule was complete, and…
How to Prepare a Consolidation Adjustment Schedule
Patrick had been running the group consolidation for two years when the audit firm changed. The outgoing team had known…
Intercompany Reconciliation for Multi-Entity Groups: How to Match Balances and Close Faster
At almost every multi-entity group, the same conversation happens on day four or five of the month-end close. The consolidation…
How Financial Consolidation Software Cuts Your Month-End Close
The average multi-entity finance team takes between eight and twelve working days to complete its month-end consolidated close. That figure…