21 21
Does your close make the grade?
Report Card
Time
< 1 week 1 -3 weeks 3+ weeks
Imports
1 - 5 6 - 10 11+
Entities
Automated
consolidations so
it doesn't matter
5 – 10
Manual
consolidations
11+
Manual
consolidations
Action
Ask for a raise.
Look for
opportunities to
integrate or
automate your
current solution.
Or evaluate
alternatives.
Look for
alternative
solutions
There is a correlation between
hours spent on closing the books
and some accounting solutions
used by the respondents.
If your close is taking too long or
you're adding entities, it may be
time to re-evaluate how you're
using your current solution or
investigate alternatives.
B
Copyright Sage Intacct 2018
"If you're making sure your entries are
booked every day, you could argue that
your books are closed every day, allowing
you to have continuous, consolidated
reports that are always live."
- Len Weedman, Trian Partners
A
C
A+
