Financial Close

Welcome to the Vena Solutions Financial Close Blog. Discover tips for closing your books on time, every time.

How To Get Your Bank Reconciliation Correct (With Examples) | Vena

March 23, 2023 |

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Understanding Account Reconciliation

What is Account Reconciliation? Account reconciliation is the matching and validating balances in the general ledger (GL) to external and internal sources or other independent calculations to ensure that month-ends and year-ends are closed accurately. (Cli......

February 17, 2023 |

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Step by Step Guide To The Month-End Close Process [Includes a Checklist]

What does your month-end financial closing process look like? Do you have a system in place or do you “wing it” and hope for the best? Are you searching for a better way of doing things next month? Never underestimate the significance of monthly closing an......

February 13, 2023 |

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The Only Month-End Close Process Checklist You'll Ever Need

Never underestimate the significance of monthly closing and the importance of a month-close checklist.  Keeping track of what happened in the previous month can help position your company for future success. Month-end closing ensures that you have informat......

January 3, 2023 |

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7 Ways To Conquer Your Year-End Close Nightmares

The end is nigh and the impending doom is real. Your recurring nightmare—sitting at your desk with a pile of financial documents, tasked with coordinating your company's year-end close process—is just getting started. The reign of terror no one seems to ha......

October 31, 2022 |

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4 Smart Ways To Speed Up Your Month-End Close

Facilitating a smoother and more efficient month-end close is a top priority for financial planning and analysis (FP&A) teams.  During the month-end close, your FP&A team collects, collates and evaluates data to produce operational reports. But a f......

October 19, 2022 |

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Financial Close Software: How Can Finance Leaders Choose The Best?

Mastering the financial close process is essential for any well-run organization. The first step in doing the important work in FP&A is consolidating your organization's data and reconciling your accounts. But your company's size and the complexity of ......

September 15, 2022 |

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How the Pandemic Has Changed the Financial Close Process (For the Good)

Your financial close process is tried, tested and true. Or maybe you always thought it was—until the world came face to face with a pandemic. The COVID-19 pandemic and the changes it’s brought to the working environment have shed new light on the monthly f......

January 12, 2022 |

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Implementing New Financial Close Technology: How To Get Your Team on Board

Change is inevitable. Change is powerful. Change is hard. All of these things can be true at the same time—and often are. That’s true in life and it’s just as true when it comes to changes to the solutions you use to power your ongoing financial processes—......

January 10, 2022 |

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5 Signs Your Financial Close Process Is Too Slow

Does your team spend too much time searching for lost invoices, requesting missing receipts, verifying transactions, investigating duplicate entries? Do they manually enter general ledger data from disjointed data sources provided by other teams? Do those ......

December 30, 2021 |

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