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	<title>FinanceRegs.com &#187; Monthly close</title>
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		<title>A faster close in two steps</title>
		<link>http://www.financeregs.com/a-faster-close-in-two-steps/</link>
		<comments>http://www.financeregs.com/a-faster-close-in-two-steps/#comments</comments>
		<pubDate>Fri, 16 May 2008 10:00:47 +0000</pubDate>
		<dc:creator>Carol Katarsky</dc:creator>
				<category><![CDATA[Best practices]]></category>
		<category><![CDATA[Fraud prevention]]></category>
		<category><![CDATA[In this week's e-newsletter]]></category>
		<category><![CDATA[Internal controls]]></category>
		<category><![CDATA[Latest news & views]]></category>
		<category><![CDATA[bank services]]></category>
		<category><![CDATA[Monthly close]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://www.financeregs.com/?p=49</guid>
		<description><![CDATA[Do you cherish a drawn-out monthly close? Thought so. To speed things up, check out these two ways online bank info can help you get the books done quicker.  
Credit card statements &#8212; No need to wait until you get a paper statement to reconcile your accounts. By pulling up current account balances, you can get the details [...]]]></description>
			<content:encoded><![CDATA[<p>Do you cherish a drawn-out monthly close? Thought so. To speed things up, check out these two ways online bank info can help you get the books done quicker.  <span id="more-49"></span></p>
<p>Credit card statements &#8212; No need to wait until you get a paper statement to reconcile your accounts. By pulling up current account balances, you can get the details you need when you need them &#8212; not two weeks later when your card issuer sends the paper statement.</p>
<p>Daily reconciliations &#8212; Closing the books goes faster when you work in advance whenever possible. Consider doing daily reconciliations for your accounts. It helps at month-end, and it also gives you a quicker heads up if there are signs of any fraudulent activity. Daily reconciliations take more time than you have available? Try weekly. You still get the benefits of regular check-ins, without having to carve out as much time.  </p>
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