9 Mistakes you make with month 📆 end close

I've been working as an Accountant (Controller) for 15 years, which means I closed the books over 100 times. In my experience, an ideal time frame is 5-10 days. In this video I share with you best practices to achieve this.

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[brokenkast]

What’s worked for me is to start a soft close the last five days of the month. Then a hard close the first five days of the new month. Financials are issued on day five. This lowers the level of stress, and makes the profession enjoyable.

[madridista-cr]

Following your channel for some time now. You have made me a better Accountant for sure. Thank you for the awesome work. Keep it up 👍🏼

[kalemphabien]

Awesome, kindly do more videos about month end closing on excel.

[tscpr]

So crazy, as I am closing the month of November, I had that same thought: "Didn't I just closed Oct? I feel like I am on a never-ending loop" Groundhog day:'D on point

[chipperknick]

Love it! I already do most of the things mentioned in this video but great refresher. Btw, I purchased your ‘night before the interview’ and was offered an internal promotion. I’m now a sr accountant. Thank you sir. Great content. Have you done anything about P&L analysis and what to look for?

[cheez]

Love your content. Can you do a short video on suggesting how to work out a proper documentation (your last point) for staff?

[paramitaekarani]

No. 1 : Checklist, me: "oops"

[roseballerine]

Great video, Bill. On documenting knowledge, that is hard to do. I have been to many companies, everyone likes to hog knowledge. Barely any documentation or SOP available.

[prezirec]

Great video. Number 7 is so important especially in mid-sized to large corporations where one entry can effect so many GL accounts. We've definitely made that mistake before. Thanks!

[applepieshiomai]

In the course of my career, i think nr. 9 is really important to bring in consistency and especially if you are the only one doing all these tasks.

[umepervaiz]

I am so excited for your summer 2022 class! Thank you!

[krishnajeevan]

Sir always great, I am always referring your valuable videos .
Thank you for giving such good information 🙏🙏

[meytithveasna]

nice, kindly do more videos about month end closing in excel and verify depreciation in excel as well

[creativejatt]

Could you share your methods of reviewing other people’s work? Like after someone finalise FS, how would you review their work.

[ccleanon]

Please do videos about reporting/presenting financial results. Thank you.

[iamatrader]

You'd be great conducting an evening class for accounting clubs at universities.

[Samir-oezf]

Could you also talk about how to manage people as a controller or accounting manager

[meghnakotian]

Great session ! Waiting for your course to come up? If possible can you do a module by module release so that we can start? If the whole course takes time.

[JillyMae]

I work at a cpa firm on ONE big client and it takes us 25 freaking days to close. Literally as soon as we're done, its time to start the next one it SUCKS

[ShelleyHuang]

Hi a good lesson ! thanks, where can I see your Month End Check List ? Would like to download.