Continuous Close
Continuous close is an accounting approach where financial books are maintained in a close-ready state throughout the accounting period, rather than performing all reconciliation and adjustments at month-end.
Key Details
- Enables daily or real-time reconciliation instead of batch month-end processing
- Reduces the traditional close crunch by spreading work across the period
- Provides more timely financial visibility for decision-making
- Requires automation and integration across financial systems to be practical