December 8, 2021
Closing month-end books and managing the myriad year-end tasks can be a stressful time for any finance team. Between reconciling accounts, counting inventory, and ensuring that your business stays compliant with tax and regulatory laws, every member of the finance team has their hands full at the end of the fiscal year.
Thankfully, you can reduce month-end stress by using financial automation tools.
For example, enterprise resource planning (ERP) solutions offer extensions to automate most AP and AR tasks. Invoicing and billing are two tasks that can be easily automated and tracked using an ERP. One of our favorite ERP extensions enables reoccurring billing options, automatic check-to-invoice matching, and a branded payment portal for any payment method.
To learn more about automation options, check out this free e-book with great tips for making your month-end stress-free.
Jim Norton, CPA
Senior Manager, Accounting Technology Services
GRF CPAs & Advisors