Closing the Month – The Right Way

Aspire is providing new features and services that make the month end close a simpler and better process. In this session you will learn:

  •  What is the difference between financial and cost accounting
  • How to manage “earned’ versus “invoiced” revenue
  • Why and how work tickets are critical
  • How a typical ticket with purchases flows through the system
  • How to close the month – proper journal entries and review
  • The typical mistakes made that affect the financials and how to manage those
  • Closing the month is a month long process – how and why
  • How to close the month – the review steps
  •  How to close the month – weird and necessary adjustments

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