As we approach the end of the year, we also approach the season that many finance leaders and staff dread the most: the yearend financial closing. For a large number of companies that follow the calendar year as their fiscal year, this is when they toil long hours to close the books for the preceding year, requiring volumes of information from line-of-business.

I once wrote that the “reason this activity is so horrendous is because of the time-consuming, convoluted close-to-disclose process that is likewise headache-inducing,” adding that “finance department staff in the frontline work through weekends to get the job done, which is not easy or always perfect.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details