Numeric’s Post

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Our team loved collaborating with the Mercury team on how start-ups can build out a month-end close process 👏

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📢 Mastering the Month-End Close: A Guide for Startups Getting your month-end close process down is key for keeping your startup’s finances in check. A good month-end close process sets the foundation for accurate accounting. A bad month-end close process means a stressful, espresso-powered sprint each month — as over 87% of accountants work overtime during the financial close. Parker Gilbert, CEO of Numeric, shares the steps involved in building out a strong process: 1. Gather Your Data: Round up all the financial info and docs you need. 2. Reconcile Everything: Make sure all accounts are accurate and fix any discrepancies. 3. Check Your Statements: Review financial statements to ensure they’re spot-on. 4. Document as You Go: Keep clear records of what you did and any issues you found. 5. Keep Improving: Always look for ways to make the process smoother and more efficient. For a deeper dive into each step, read the blog post at the link in our comments 👇

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