1. Get the CEO supporting fast month-end reporting
  2. Establish month-end reporting rules within the finance team
  3. Catch all adjustments in an ‘overs and unders’ schedule
  4. Avoid a huge wave of AP invoices at month-end
  5. Close accruals before the accounts payable cut-off
  6. Stop reconciling to suppliers’ statements
  7. Avoid inter-company adjustments
  8. Early closing-off of accounts payables and receivables, capital expenditure cut-off,  inventory cut-off
  9. Deliver a flash report at the end of day 1
  10. Stop monthly reforecasting of  year-end

For more information access  Fast close: A Guide to Rapid Month-end and Year-end Reporting – Toolkit (120 page Whitepaper + electronic templates)