Depending on the accounting software used by a small business, the month-end close process can be complicated and difficult to complete efficiently and accurately. There are specific steps required, depending on the accounting software used by the company, which must be handled during the month-end analysis. Many small owners admit that historically they miss a critical step or forget key things.
However, throughout 2022, more and more small businesses using Sage 50, Sage 100, and QuickBooks are finding that relying on a month-end checklist has dramatically streamlined the entire end-of-month close process. month. While the full use of a month-end checklist makes this vital accounting practice more efficient, many small business owners are also realizing noticeable benefits in cost savings, revenue generation and workflow efficiency.
“We’ve developed a free month-end checklist for small business owners using Sage 50, Sage 100 and QuickBooks – applicable to all versions – specifically to help them avoid the stressful and costly issues they inevitably face. face during the month.-End Close,” said a consultant for Accounting Business Solutions by JCS.
Highlighting the Sage 100 month-end close process, she added: “For example, each Sage 100 module has its own close process and period-end checklist that must be considered. at month-end closing. This should include what reports to run and what steps to take to ensure your system stays balanced and on track. »
The questions and challenges Accounting Business Solutions by JCS solves with their free month-end checklist range from what to do when balances aren’t correct to how to set up automated backups and what to discuss with an accountant. Additionally, the checklists expand small business owners’ understanding of the importance of the month-end close process while familiarizing themselves with the features and functionality of their accounting software.
Small business owners using Sage 50, Sage 100, or QuickBooks who realize how they can benefit from JCS’s free Month-End Checklist are encouraged to contact Accounting Business Solutions by JCS for immediate access.