Month-end best practices your CFO will love
Discover smart practices to make your month-end close process less complex and more efficient.
At SkyStem, we value the close of the month as much as you do. However, when careless errors and inefficiencies lead to overtime and late nights, things can become challenging quickly. To ensure your close process runs as smoothly as possible, we’re sharing our top month-end close best practices that your CFO will appreciate.
Keep track of your notes
Sticky notes are handy for quick reminders but fall short for important information. Notes written on paper or in Excel spreadsheets can easily get lost. Instead, try to consolidate everything into a central repository. Staying organized now will pay off later.
Eliminate status update meetings
We’ve all experienced meetings that could have been replaced by an email. This common issue wastes time and disrupts workflow, especially when nearing the month-end close with tight deadlines. Instead of these time-consuming meetings, consider using task trackers to maintain transparency, allowing the entire team to view the real-time status of reconciliations.
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