In my article “How much time are you wasting on month-end reporting” July 2005 I talked about the irrelevance of late reporting and about some case studies. This article will look the lessons and guidelines for implementing quick month-end reporting(QMR).To anyone who has seen the film â€œThe day after tomorrowâ€ a late month-end has the same relevance as the scholastic competition Sam was in with his sweetheart just before the ice age began.As mentioned in the preceding article this is not an area I can claim any success. When I was an corporate accountant each month end was a disaster waiting to happen. Each month end had a life of its own. You never knew when and where the problems were to come from. Does this sound familiar? Fortunately I have benchmarked this area and held workshops with over 1,500 accountants, as far field as Dublin, and many interesting insights have emerged.
How to implement month-end reporting in day 3 or less – Part twoDavid Parmenter