#processimprovement

Rethink Year-End as an Opportunity for Improvement

Your focus at year-end is on financial preparation to support audit and tax requirements. This year, if you expand your vision to identify areas of process improvement, you will be surprised by the items you identify. You have coordinated with your CPA and planned for year-end audit and tax preparation. They have provided their requirements and theirContinue reading “Rethink Year-End as an Opportunity for Improvement”

The 2 Day Close, Phase 7 – Audit Preparation

As a government contractor, your company may be subject to both financial statement audits and DCAA audits. In this article, I discuss preparing for an audit throughout the year to reduce audit stress, refocus staff on analysis and identify areas of improvement. If you have followed the phases outlined in my last six articles, youContinue reading “The 2 Day Close, Phase 7 – Audit Preparation”

The 2 Day Close, Phase 6 – Data Integration

The true power of the cloud is delivering enterprise software as a service (SaaS) in manageable and affordable components to companies of all sizes. Companies have the opportunity to select specialized software tools from multiple vendors to create a solution that best fits their needs. As the business grows and changes, software services can beContinue reading “The 2 Day Close, Phase 6 – Data Integration”

The 2 Day Close, Phase 5 – Continually Monitoring Data

Achieving a 2 day month end closing requires a paradigm shift in traditional accounting processes. A shift in process and approach not only within the accounting department, but throughout your organization. In this post I outline how to introduce, implement and manage this shift in your organization. A traditional accounting department spends a largeContinue reading “The 2 Day Close, Phase 5 – Continually Monitoring Data”

The 2 Day Close, Phase 3 – Initial Process Review

You are ready to meet with your accounting staff to launch a process improvement project. How will you recognize areas for improvement and how will you over come push back from staff, especially if you are not an accountant? This post will cover those questions as well as developing your project plan and creating processContinue reading “The 2 Day Close, Phase 3 – Initial Process Review”