How to Streamline Accounting Year End Close 

For many firms and practices, year end close is a stressful and overwhelming time where you can feel overworked and burnt out. It doesn’t have to be that way. Discover how you can streamline your accounting year end processes with IRIS.

What Is Accounting Year End Close?

Accounting year end close, also known as year end, closing the books, or fiscal year end close, is the process of transitioning between fiscal years. It gives you time to review the previous fiscal year’s assets and accounts, reconcile pending transactions, and to generate a report that provides a high-level view of the previous fiscal year.

Accounting year end close helps you close up any loose ends from the previous year, or shines a spotlight on projects or tasks that need to be transitioned into the next year. When done correctly and accurately, it can help you prepare for the next year.

How Can You Streamline Your Year End Close Processes?

Because accounting year end requires you to access, address, account for, and resolve all issues within the past fiscal year, the best way to make the process easier is to have the documents you need organized and readily accessible.

If your files are mismanaged or disorganized, your year end close can take days rather than minutes to complete.

IRIS’s Document Management solutions allow you to create a secure, custom database for your firm. We also allow you to automatically upload, name, and organize documents for your clients, making it easy to have the files you need when you need them.

Achieve More with IRIS Document Management

Stop wasting time searching folders and files for the information you need. With IRIS, you can streamline your accounting year end processes, making it easy to wrap up the past year and move on to the future.

Find out more about IRIS Document Management today and see how we can help streamline your firm, helping you save time and money throughout the year.