{"id":680,"date":"2012-06-15T12:25:18","date_gmt":"2012-06-15T12:25:18","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=680"},"modified":"2022-07-06T06:29:27","modified_gmt":"2022-07-06T06:29:27","slug":"month-end-accounting-close-cycle-time","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2012\/06\/month-end-accounting-close-cycle-time\/","title":{"rendered":"Month-End Accounting Close Cycle Time"},"content":{"rendered":"

Background<\/strong><\/p>\n

Every organization is looking for ways to get information faster. One of the challenges faced by\u00a0 Shared Services<\/a><\/span><\/strong> organizations is to coordinate month-end close and report quickly<\/a>. Peeriosity Key Metric Benchmarking within the General Accounting Research Area provides members access to a wide range of KPIs<\/a> to compare their results to as well as gain immediate access to the key practices used by other organizations (and the ability to identify and contact related peers).<\/p>\n

Days to Close<\/strong><\/p>\n

One of the key metrics included in the Peeriosity General Ledger Benchmark is the number of days for the month-end closing process to be completed globally (not including the preparation of management reports). The results are mixed:<\/p>\n

\u00a0\"number<\/strong><\/p>\n

A few of the Key Practices that have been implemented by first quartile performers include:<\/p>\n