The advantages of short-closing

In many countries, short-closing is the norm. Among other things, it allows you to run your business in a reality where everything is a matter of days or even hours.

Periodic short-closing

This consists of a monthly semi-close within 15 days of the end of the month concerned. In other words, on 15 May, your accounts are up to date as of 30 April.

This is a profound change for the company director since, thanks to this method, he can use up-to-date and reliable accounting and financial data to manage his company on a daily basis. He will also use it to build his management tools (dashboards, etc.).  

The relationship with theonline accountant

It is strengthened and your exchanges evolve to another level of quality with a focus on strategic aspects (advice and support).

And the relationship with your digital accountant is also facilitated by apps such as PennylaneQonto, QuickBooks or Dext. Indeed, these apps allow you to easily generate nearly 115 management charts and financial indicators. Thus, short-closing coupled with Pennylane and Qonto offers you decisive competitive advantages:

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• Know your margin, your EBITDA and your net result in real time
• Make strategic decisions (growth, cost reduction, payroll management) that are reliable (because your figures are reliable) to avoid surprises at the end of the year
• Eliminate complicated and stressful year ends (how to gather all the accounting documents, etc.)
• Update your cash flow almost automatically each month - you can forecast future cash receipts and disbursements without having to recreate an Excel spreadsheet
• Facilitate short, medium and long term revenue forecasting
• Monitor budgets in real time and understand variances with reality

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For all these reasons, Blendy has structured its business processes to make periodic short-closing its working standard. And it is also a decisive strategic tool for our clients.

Blendy, a digital exeprt-comptable, supports its clients with high value-added services to achieve their growth and success objectives.

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