A smooth month-end close is the backbone of reliable financial reporting and business decision-making. This session on Tuesday, July 29th at 1pm EDT / 10am PDT, focuses on establishing systematic month-end processes within Fulfil that deliver accurate, timely financial statements while minimizing stress and last-minute scrambling.
Whether you're implementing Fulfil for the first time or looking to streamline existing close procedures, this session will equip you with proven workflows, essential checklists, and best practices to achieve clean and confident financial close cycles month after month.
What you'll learn
Recommended month-end checklist in Fulfil
Master a comprehensive, step-by-step checklist designed specifically for Fulfil users. We'll walk through the critical tasks that must be completed before closing your books, including transaction cut-offs, inventory reconciliations, and account reviews. This systematic approach ensures nothing falls through the cracks and creates consistency across your finance team.
Generating essential reporting packages
Learn how to efficiently produce your core financial reports directly from Fulfil, including balance sheets, profit & loss statements, and AP/AR aging reports. We'll cover report customization options, filtering techniques, and how to package these reports for management review or external stakeholders like investors and lenders.
Managing accruals, prepaids, and adjusting journal entries
Understand how to properly handle period-end adjustments within Fulfil's framework. We'll demonstrate best practices for recording accrued expenses, prepaid assets, depreciation, and other adjusting entries that ensure your financial statements accurately reflect your business's financial position at month-end.
Avoiding common close process pitfalls
Identify and prevent frequent month-end mistakes that can delay closes or compromise financial accuracy, including timing issues, reconciliation errors, control mechanisms for closing a period and documentation gaps that create audit headaches down the line.
