August 16, 2024
Goodbye Manual, Multi-Entity Month End 👋: Xero & Accounting Automation
For the majority of businesses, the monthly close process is a notorious bottleneck that bogs down finance teams and saps productivity. But for multi-entity businesses, this multiplies tenfold. From reconciling intercompany balance sheets to managing recharges between companies to matching cross-entity bank transactions, the tasks can seem endless. Add the burden of switching between multiple Xero files, and it's a wonder how any finance team in a multi-entity business manages to close month-end at all.
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