In the product
Close management
Plan the close, track who owes what, and carry each quarter into the next without rebuilding the checklist from memory.
Financial close
The work between the end of a period and reliable, reportable numbers for it.
Cut-off, accruals, reconciliations, intercompany agreement, consolidation, review and sign-off — each depending on somebody else finishing first.
Close length is usually a coordination problem rather than an accounting one. The days are spent waiting and chasing, not calculating.
Also written: the close, month-end close, period close.
Related terms: Trial balance, Intercompany elimination, Consolidation.
Written about
When is a payable really paid? Electronic payments and derecognition under amended Ind AS 109
When is a payable really paid? The amendment to Ind AS 109 sets when an electronic payment lets you derecognise the liability.
Written about
Your adjusted EBITDA is about to be audited: management-defined performance measures under Ind AS 118
Under Ind AS 118, adjusted EBITDA moves into the audited notes with a reconciliation and a reason. What that changes for your reporting.
Written about
One definition of EBITDA: making MIS and audited measures agree
Two EBITDA numbers in one company is a definition problem, not a systems problem. How to write one rule, keep the variants named, and hold the bridge.