Conquer Month-End Close with Streamlined Processes: Writing off WIP, Importing Statements, Recurring Billing, and More!

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Muaaz Seedat

With over 5 years of experience in software consulting and a recent transition to product management at GreatSoft, I specialise in developing tailored solutions for accounting and audit firms. Passionate about leveraging technology to optimise processes and drive business growth, I bring a track record of successful project implementations and client satisfaction.
Month-End Close

Month-end close can be a time-consuming headache. Between chasing down invoices, reconciling accounts, and writing off work in progress (WIP), valuable hours can be lost. But what if there was a way to automate these tasks and streamline your month-end processes?

At Greatsoft, we understand the challenges businesses face when it comes to closing the books. That’s why we’re hosting a free webinar, GreatSoft CRM LevelUp: Billing designed to equip you with the tools and strategies to save time and gain control over your month-end close.

In this blog post, we’ll offer a sneak peek at some of the key topics we’ll be covering in the webinar:

1. Writing Off WIP in Bulk

 

WIP represents the cost of unfinished projects at any given time. Traditionally, writing off WIP involves manually reviewing each project and calculating the associated costs. But this process can be tedious and error-prone. The webinar will explore how to leverage bulk write-off functionality. This allows you to select multiple tasks at once and automatically calculate and record the WIP write-off, saving you significant time and effort.

2. Importing Bank Statements for Seamless Reconciliation

Reconciling bank statements is another time-consuming task. Manually entering transactions can be prone to errors and delays. The webinar will delve into the benefits of importing bank statements directly into your accounting software. This allows for automatic matching of transactions, saving you hours of data entry and ensuring accurate reconciliation.

Setting Up Recurring Billing to Reduce Manual Work

For businesses with subscription-based services or recurring invoices, the process of generating invoices each month can be repetitive. The webinar will showcase how to set up recurring billing within your accounting software. This automates the creation and sending of invoices, eliminating manual work and ensuring timely payments.

Month-End Debtor and Billing Processes Made Easy

The webinar will also address efficient month-end debtor and billing processes. We’ll explore strategies for managing outstanding invoices, doing interest runs, and ensuring a smooth collections process.

Ready to Streamline Your Month-End Close? Register today!

Don’t miss out on this valuable opportunity to learn how to streamline your accounting practices and save time!

Book a session with us

Find out how to protect your clients' data, avoid losing confidential information, harness powerful marketing tools and increase customer retention

Book a session with us

Find out how to protect your clients' data, avoid losing confidential information, harness powerful marketing tools and increase customer retention

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