Why Your Business Should Practice Continuous Accounting: How CFOs Can Make the Switch

Advances in technology have enabled businesses of all sizes to become more competitive in their processes. Cloud computing and automation in particular have transformed the way financial teams manage their day-to-day operations, and savvy accounting practitioners are slowly shifting away from the report-to-record (R2R) model and into continuous accounting.

Continuous accounting allows for real-time transparency into a business’s financial data and enables visibility across the organization so that you don’t have to wait until the monthly close to adjust and adapt. This agility provides organizations with a leading edge as they face changing environmental and economic conditions.

Making the shift, however, can often be a challenge. Fortunately, we have the insights

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Asking the Right Questions in These 5 Circumstances Is Crucial to Your Company’s Growth

Opinions expressed by Entrepreneur contributors are their own. Have you ever really wanted to work with someone, maybe a potential partner, mentor...

Dartmouth basketball team first college athletes to vote to join union | CNN Business

New York CNN  —  Members of the Dartmouth College men’s basketball team Tuesday became the first college athletes to...

Make Money Doing What You Love — 10 Key Tips on Monetizing Your Passion

Opinions expressed by Entrepreneur contributors are their own. In a world where the pursuit of passion has become synonymous with living a...