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Accounts Receivable Month End Close Process

oboloo Glossary

Accounts Receivable Month End Close Process

The Accounts Receivable Month End Close Process is a vital part of any business’ financial health. It involves making sure all customer invoices have been created, reviewed, and recorded under the correct revenue accounts. This process must be completed at the end of each month in order to ensure accurate financial statements and reports are generated. As such, it’s critical that all necessary steps in this process are carried out accurately, efficiently, and on time. Taking the time to properly plan and execute each step of the Month End Close Process can help save a lot of time and effort down the line!

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