Ledge’s Post

There’s no question that the month-end close can be stressful. Everyone in finance has inevitably survived their share of: 🌙 Late nights  ♾️ Endless reconciliations  🚨 Material variances 🤷🏻♀️ Unexplained discrepancies But the month-end close doesn’t need to be a nightmare that burns out your finance team and causes more gray hair. Based on her years of experience as a controller and then VP Finance, Sivan Peri has some tried-and-true tips that will make the month-end close as smooth and stress-free as possible for your team. Bottom line: Gaining control over the month-end close doesn’t just save your team time and energy; it enables you to turn a burdensome and often overlooked process into a strategic business driver. ✨ By reliably closing every month with accurate, up-to-date financial data, you enable FP&A to make more accurate forecasts, CFOs to make smarter liquidity and investment decisions, and CEOs to make more informed choices across the board. 🎉 Check out all of Sivan’s recommendations in the full guide – link in comments! ⤵️

As we approach year-end, finance teams are preparing to close the books, finalize reports, and ensure everything aligns perfectly. It’s a critical period—one that often puts intense pressure on already stretched teams. This is where bringing in an external consultant can make all the difference. Not only does it provide the extra hands to meet deadlines smoothly, but it also brings fresh insights and focused expertise to optimize processes, detect potential issues early, and uncover efficiencies that could go unnoticed. Think of it as a strategic investment: instead of your team struggling to keep up, they can stay productive and focused on core tasks, leaving the additional workload to someone who can hit the ground running. The ROI? A smoother year-end close, less stress, and insights that can streamline operations well beyond the closing season. If your team could use a boost to wrap up the year on a high note, feel free to reach out.

Many of you want to deepen your understanding of finance and business management, so I'm excited to introduce a new weekly feature: What Does it Mean? Each week, we'll demystify a key finance or business term. This week, we're exploring the role of a controller. Positioned between a bookkeeper and a CFO, a controller plays a crucial role in transforming financial statements into actionable insights and ensuring your business's financial health. Curious about how a controller differs from a CFO and when you might need one? Dive deeper into this topic and discover more essential business terms at thejilljames.com/wdim. Got a term or concept you're itching to understand better? Leave a comment and let me know!

🚀 Navigating the Month-End Close: Common Traps & How to Avoid Them 🚀 As finance professionals, we all know the significance of a timely and efficient month-end close. It's not just about wrapping up; it's about setting the tone for the upcoming month with clarity and confidence. Yet, despite our best efforts, certain pitfalls can disrupt this crucial process, leading to unnecessary stress and potential inaccuracies in our financial reporting. 🔹 Procrastination: The enemy of efficiency. Waiting until the eleventh hour to tackle tasks can turn the month-end close into a chaotic rush. 🔹 Overlooking Reconciliations: Skipping regular checks can leave errors unaddressed, complicating the close process with last-minute discrepancies. 🔹 Lack of Documentation: Without clear guidelines, the process can become a puzzle, especially if key team members are unavailable. 🔹 Failure to Prioritize Tasks: Understanding what needs immediate attention and what can wait is crucial for a smooth close. 🔹 Ignoring Automation Opportunities: In the digital age, not leveraging technology to streamline tasks is a missed opportunity for efficiency. Let's turn the month-end close from a period of stress to one of strategic accomplishment. 💼📈 Swipe left to explore each trap and discover how to enhance your month-end routine for better efficiency and accuracy. #Finance #MonthEndClose #AccountingTips #FinancialEfficiency #Automation

🌞 Year end close looms - are you working on closing the books this Summer? 🌞 Get strategic insights on leveraging Accounting Professionals, Financial Analysts, and PMs for a seamless process. We have supported dozen and dozens of clients every year through and have learned some valuable lessons along the way. Shoot me a message if you are want to hear more about this. You can also take a peek at our new blog! https://lnkd.in/g_7P3Hii #yearendclose #fiscalyearend #closingthebooks #finance #accounting #workforcesolutions #specializedstaffing

Efficiency and accuracy are the dynamic duo powering every successful finance department. But hey, even the best teams need a tune-up now and then! Whether you're just starting out or already flying high, auditing your processes is critical to keeping things sharp. If things seem sluggish, errors are creeping in, or teamwork feels off, it might be time to level up. Dive into our guide on 'How to Uplevel Your Finance Department' for tips on revitalizing your finance game. Don't wait for hiccups to escalate – stay proactive and keep your financial engine running smoothly. Click the link below to read the entire blog and learn invaluable tips you can implement today. Happy Reading! ✨ https://lnkd.in/g6JvrMST

Just so timely for our fiscal year-end closing. A few reminders on how we can make this a successful one! Here are some of my mindset tips! 1. Pro active approach 2. Collaboration 3. Continous Learning 4. Positive attitude By adopting a proactive, detail-oriented, and collaborative mentality, the teams may successfully traverse the closing process, assuring accurate financial reporting and laying the groundwork for informed decision-making in the future fiscal year. #Teamwork ##SuccessfulClosing

Closing the month/ closing the year

Daily Finance Tip: Streamline Your Month-End Close with Cut-Off Discipline! One of the best ways to reduce stress and ensure accuracy in financial reporting is to set clear boundaries for prior-period adjustments. Constantly revisiting previous periods to make tweaks can create inefficiencies and lead to confusion. (I know this sounds like Accounting 101 advice but you would be surprised how many privately held companies will go back and "tweek" prior months!) Consider implementing a defined cut-off date for adjustments. After that, treat new findings as pending or reconciling transactions for future periods. This approach not only strengthens internal controls but also streamlines your monthly close process, allowing for timely, reliable financials that empower data-driven decisions. #FinanceTips #AccountingExcellence #EfficientClosing #ProcessImprovement #FinancialLeadership

Imagine this: It’s a beautiful evening, and you’ve planned a family dinner. But instead of enjoying quality time, you're stuck late into the night, manually crunching numbers for financial reports. Sound familiar? 😩 At FINA HQ, we understand the challenges controllers face, especially in companies that can't afford expensive solutions. Our platform is designed to ease your workload and free you up for what truly matters. With automated business combinations, seamless inter-company reconciliations, and a complete audit trail, FINA HQ simplifies your financial close process. No more late nights or painful audits—just accurate, efficient reporting that gives you back your evenings and weekends. Let us help you transform your finance function, so you can focus on driving insights instead of drowning in spreadsheets. Say goodbye to stress and hello to peace of mind! ✨ hashtag#FINAHQ hashtag#ControllerLife hashtag#FinanceMadeEasy hashtag#RedefineReporting