How comfortable are you with your accounting controls?
It may not feel like great news, but having to deal with accounting controls means your business has reached a new level of success. The new stakeholders you’ve picked up along your company’s journey have certain compliance requirements. If you’re not sure whether your general ledger accounting software can effectively handle these, the answer is most likely no.
Create an automated control environment
A double-entry accounting system with precise role management, automated subledgers, an organized chart of accounts and approval workflows will allow you to create controls that take care of themselves.
Every month, your accounting department scrambles to close the books so management can review the previous month’s financial reporting.