Category: Workflows

What is the Financial Close Process and What Does 'Breaking Bad' Have to Do with It?

This article will walk you through the basics of the Financial Close process, also known as the Month-End Closing process, Finance Statement Close process, Accounting Close process or the Financial Reporting process. All of these terms mean the same thing: at the end of the month, quarter and year you count how much money the business made, what it spent and what the bottom line is. The process always consists of the same inputs and outputs no matter what you sell.

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