For many businesses, January starts with unfinished business including financials that aren’t finalized, adjustments keep surfacing, and decisions are made on incomplete numbers. A clean January close doesn’t happen by accident; it requires disciplined processes, clear ownership, and proactive planning.
How Client Accounting Services (CAS) Help
Our CAS team turns year-end chaos into a controlled, predictable process. Using a structured checklist, we help businesses close faster, cleaner, and with fewer surprises.
Why Year-End Close Is Painful
Common issues include:
- Inconsistent monthly close procedures
- Missing or delayed accruals
- Unreconciled balance sheet accounts
- Operational data that doesn’t tie to financials
These problems compound over 12 months, delaying final financials. CAS addresses them before year-end.
The CAS Checklist for a Clean Close
Finalize Cut-Offs and Accruals
Ensure revenue and expenses are recorded in the right period—payroll, vendor costs, and earned but unbilled revenue included.
Reconcile Balance Sheet Accounts
Bank accounts, receivables, payables, inventory, and loans are reconciled monthly to prevent year-end surprises.
Align Subledgers and Schedules
Verify AR aging, inventory, fixed assets, and deferred revenue tie to the general ledger.
Clean Up the Chart of Accounts
Remove unused accounts and correct misclassifications for clearer, more useful financial statements.
Document Assumptions and Adjustments
Provide transparency for leadership and streamline future reporting and planning.
The Result
Client Accounting Services provide the structure, accountability, and expertise needed to:
- Standardized monthly close process
- Maintain clean, reconciled financials year-round
- Decision-ready financials
- Fewer surprises
- More time for analysis, not fixes
CAS transforms year-end from stressful to predictable; essential for growing businesses.
Ready for a cleaner close?
Boyum Barenscheer’s CAS team helps businesses close faster and start the year with confidence.
Email us at info@myboyum.com to request a discovery call.