In this episode of the Prime Resources Podcast, BDR Lead Financial Coach Adriane Woodrum explains how to build a consistent month end process for financials that ensures accurate and timely financial reporting.
Adriane shares how the month-end process begins far in advance of information reaching accounting and involves the entire team. Listen to find out how to develop the communication and process steps needed to succeed at month's end.
Episode Timestamps
(01:55) - What is the month end process for financials?
(03:36) - Preparation needed for month end
(06:24) - Using technology to facilitate reporting
(07:58) - Flow of information to accounting
(09:29) - Steps in the month end process
(12:30) - Biggest challenge with month end processing
(15:47) - Best practices and red flags
(19:35) - Getting started building your process
(22:25) - Final thoughts
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