MONTH-END CLOSE EFFICIENCY ASSESSMENT

How Long Does It Take You to Trust Your Numbers?

Assessment (Score 0–12)

Answer Yes (1) or No (0):

  1. Month-end close is completed in ≤10 business days
  1. Close timeline is defined and consistently followed
  1. Responsibilities are clearly assigned across the team
  1. Minimal manual journal entries are required
  1. No duplicate data tracking (spreadsheets vs system)
  1. Reconciliations are completed without delay
  1. Adjustments after close are rare
  1. Financial data is accurate at first output
  1. Reports are available immediately after close
  1. Close process has not required recent workarounds
  1. Issues are identified early—not at the end
  1. Leadership trusts reports without question

Scoring

  • 10–12 → Efficient Close
  • 6–9 → Delayed Close
  • 0–5 → Broken Process

If it takes too long to produce financials, you’re operating behind reality.

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