• Athena Answers,  Finances

    7 Ways to Make Your Accounting Process More Efficient

        Accounting is a crucial part of running a business. It records, processes, and converts the financial data of a business into useful information for decision makers, regulators, and stakeholders. It’s important to bear in mind that this information needs to be promptly and accurately processed and presented. As such, the accounting process should be made efficient. The following ideas should help create a more efficient accounting process for companies of any type and size. Set strict deadlines and cutoff policies. This may sound too generic to be pointed out here but it’s something that needs to be emphasized in accounting departments. Timeliness is a fundamental attribute of accounting…