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What software do you use in your SMB to support your monthly close?

Rose Robbins's Profile


Scott Auer
Title: CFO and Controller
Company: Praeses, LLC
(CFO and Controller, Praeses, LLC) |

We use Microsoft Dynamics - GP. A number of our contracts are project-based so we use project accounting. It has been a step up from what we used 10 years ago and has been helpful as we grow.

Topic Expert
Philip Boken
Title: Principal Advisor & Founder
Company: PCB & Company
(Principal Advisor & Founder, PCB & Company) |

If you are looking for tools to manage progress using a checklist, BlackLine has a set of SaaS based solutions that help "program manage" your close. Feel free to reach out to me directly to discuss further.

Michael Sipos
Title: Enterprise Account Executive
Company: Trintech
LinkedIn Profile
(Enterprise Account Executive, Trintech) |

There are many solutions available that can provide assistance with the financial close process. Depending on the complexity and size of your company you may want to consider the following:

1) Does it support multiple close calendars?
2) Can you link tasks to financial results?
3) Can you create multiple action plans?
4) Do you need to integrate with supporting systems and productivity applications such as Excel
5) Do you want real-time, role specific dashboards?
6) Can you link Close activities to related compliance efforts?
7) Can you create online binders to capture all Close and supporting material?

With those high level questions it will assist in evaluating software vendors to your company's needs.

Cadency, by Trintech, is the world’s only end-to-end financial governance solution that manages the entire Record-to-Report process, including Close, in a single product.

Please contact me directly if you would like additional background information or discuss further.

Topic Expert
Christie Jahn
Title: CFO
Company: Prime Investments & Development
(CFO, Prime Investments & Development) |

We use Quickbooks and it works really well for us. We have a POS system that allows us to import all of our daily transactions into QBs. It allows different Class's (locations) so we can keep all revenue and expenses related to that store (by Class). That also works great for construction (my husband also uses QB's for his Construction company). The Class allocation allows for multiple jobs for the same client to be categorized by Class (address) to keep all of the billing straight. I think it largely depends on industry and your uses.

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