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How You Can Close the Books and Ring in the New Fiscal Year on Time

It takes 60 seconds for the ball in New York’s Times Square to drop 141 feet and officially ring in the New Year. That’s not a lot of time to consider all the things you want to accomplish in the next 365 days, let alone think about all the things you didn’t quite get to before 11:59 on December 31.

Nonetheless, as you’re contemplating your quarter-one goals, and why you didn’t quite get around to running that marathon, you don’t also want to be confronted by the things you could have done better or devoted more time to, including your year-end financial close.

With the end of the year so near, we’re giving you our top four pro tips for ensuring your books are closed well before the clock strikes 12.

Why Audit Trails Matter in Government AccountingThe Right Software Manages Risks and Keeps You Accountable in the Event of an Audit

When you keep an audit trail, you’re affirming to your town, city, or county that your government accounting practices are legal, legitimate, and transparent. For government agencies and city services, audit trails are invaluable.

Audit trails mean something different to every industry (from local government to nonprofits and health care). But at its core, an audit trail is a chronological record of all the transactions and documents that affect your operations, procedures, and events. And maintaining these records is vital for several reasons.

Cougar Mountain Software develops leading on-premises accounting solutions. Our hallmark software, DENALI, is specifically designed to scale to clients’ needs while maintaining an unbreakable audit trail.