Financial Close & Reporting Process Workflow Template

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Overview: Financial Close & Reporting Process Workflow Template

This workflow template illustrates the data collection, reconciliation and report generation related to the monthly Financial Close process. Purchase and download this template in PDF, Visio and PowerPoint formats, and customize it to fit your organization, or use it to better understand the Financial Close & Reporting process.

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Process Details and FAQ: Financial Close & Reporting

What is Financial Close & Reporting?

Financial Close & Reporting is the process of closing the books (i.e., the general ledger) at the end of an accounting period and producing internal (for management, business units, etc.) and external reports (for regulatory authorities, etc.) reports summarizing financial performance and trends. This process involves data collection, data scrubbing, reconciliation, validation, report generation and report review.

Which KPIs, or metrics, are typically used to measure this process?

The following metrics are typically involved in the Financial Close & Reporting process:

Which employees and/or departments are involved in this process?

The following parties are typically involved in the Financial Close & Reporting process:

  • Business Units (i.e., individual lines of business)
  • Staff Accountants
  • Financial Analysts
  • Financial Reporting Team Members

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.

How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.

How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the workflow template in PDF, Visio and PowerPoint formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.

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  • Workflow Template


    Financial Close & Reporting (Monthly)

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PowerPoint, Visio versions
    - Workflows mapped in BPMN 2.0


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