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CX provides scalable interim staffing solutions to support your team during the critical month-end close process. Our experienced accounting professionals seamlessly integrate with your existing staff, providing the extra bandwidth needed to accelerate your close cycle, improve the accuracy of your financial reporting, and alleviate the pressure on your team. Whether you require short-term support during peak periods or ongoing assistance to manage increasing workloads, CX delivers the expertise and flexibility you need to ensure a smooth and efficient financial close process.
CX helps eliminate delays in your month-end close process by streamlining key procedures, ensuring timely and accurate reconciliations, and improving coordination across reporting teams. Our experienced professionals identify bottlenecks and implement best practices to optimize your close workflow. We diligently reconcile key accounts, ensuring accuracy and resolving discrepancies promptly. Furthermore, we facilitate seamless communication and collaboration between cross-functional teams involved in the close process, ensuring a cohesive and efficient workflow. This comprehensive approach reduces the time required to complete your month-end close, allowing you to access critical financial information faster and make informed business decisions.
CX accelerates your month-end close process, providing timely and reliable financial information.
CX ensures the accuracy of your financial statements through timely reconciliations and adjusting entries.
CX helps maintain audit-ready documentation, streamlining the audit process and minimizing disruption.
CX provides flexible interim staffing solutions to support your team during peak close periods, alleviating workload pressures.
Month-end close accounting services encompass all the tasks necessary to complete the accounting cycle at the end of each reporting period. This involves a series of procedures designed to ensure the accuracy and completeness of a company's financial statements. CX supports the month-end close process by performing key tasks such as bank and account reconciliations, preparing and posting adjusting journal entries, assembling the month-end close package, and reviewing supporting schedules. Our team also assists with variance analysis, flux explanations, and other reporting requirements. By providing expert support for these crucial activities, CX helps ensure a smooth, efficient, and accurate month-end close.
Several scenarios warrant seeking external help for the month-end close process. Staffing shortages due to turnover, unexpected absences, or seasonal peaks can create significant backlogs and delays. Companies struggling with lengthy or inefficient close cycles can benefit from expert guidance to streamline processes and accelerate timelines. Implementing a new ERP system often requires additional support during the transition period to ensure a smooth and accurate close. Increased audit pressure or scrutiny can also necessitate additional resources to ensure compliance and address auditor inquiries effectively. In all these situations, CX can provide the necessary expertise and support to ensure a successful and timely month-end close.
Yes, CX has extensive experience supporting companies with complex, multi-entity structures. Our team is well-versed in handling intercompany eliminations, preparing consolidated financial statements, and managing the close process across multiple subsidiaries or divisions. We understand the unique challenges and complexities associated with multi-entity close processes and have developed effective strategies to ensure accuracy, consistency, and efficiency.
CX leverages a combination of experienced professionals, proven methodologies, and best-practice tools and templates to optimize the month-end close process. Our team brings a deep understanding of GAAP and other relevant accounting standards, ensuring compliance while streamlining procedures. We utilize standardized templates and checklists to ensure consistency and completeness, and we employ efficient project management techniques to keep the close process on track. This approach allows us to accelerate close timelines without compromising accuracy or compliance.
