Best Practices for a Successful Fiscal Year-End Close
As the year comes to a close, preparation is paramount to accurate year-end reporting. This means that you must reconcile and audit your monthly reports such as balance sheet reconciliations, payroll reconciliation, and ensure your project ledger and general ledger are in sync.
The year-end closing process is challenging for the entire accounting department. The accounting team works long hours and faces a number of additional deadlines. Your staff is probably ready for some holiday rest and relaxation. No one wants late-night or weekend crunch sessions finishing out the year-end close.
With a system like JAMIS Prime ERP, proper planning, and the right tools, the accounting department can complete the closing process in less time, and reduce the risk of errors.
Mike Meyers, Vice President of Solution Engineering, JAMIS
Michael Meyers has a Bachelor of Science and over 30 years of experience in accounting and implementation of enterprise software systems. Mike is responsible for communicating the benefits of JAMIS Prime ERP to the government contracting industry, and the subject matter expert key to the JAMIS development and planning process.
His years of experience as a Controller are demonstrated in his ability to address GAAP, CAS, and audit issues with best practices in the use of JAMIS Prime ERP.