Expediting the Monthly Close Process: Best Practices for Nonprofits

July 2024 Working in nonprofit accounting means taking responsibility for the monthly close process, where all accounts and transactions are carefully documented, balanced and reconciled. Although the monthly close is undeniably important for any nonprofit, the reality is that it can also be quite time-consuming for accounting and bookkeeping team members. The amount of time spent completing the close process each month can take away resources from other important tasks, which is why many nonprofits are exploring ways to expedite the process without sacrificing accuracy. View the full article here.