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    Accounting Closure Assistance

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      Increasing accuracy and delivering fast and efficient reporting

      At MBG Corporate Services, our proven methodology and professional experience have been helping organisations streamline their Accounting Closure processes for nearly two decades. We are empowering brands to achieve quality reporting with fewer resources. We have enabled companies to achieve faster closure rates by documenting and evaluating their current closure processes and identifying the gaps and deficiencies between different sub-processes that end up invariably extending timelines.

      Our team of experts manages the data by analysing the client’s financial processes and identifying weaknesses in the master data and data-entry processes. We provide solutions on how to maintain internal controls, by identifying the effectiveness of key controls in the accounting process.

      Our service methodology involves assisting clients in every aspect of the accounting closure process — from initial scoping to project execution and finalisation. We also help with project and change management, so that you can capitalise on the benefits of enhancing your internal processes.

      Our Accounting Closure Assistance services include:
      • Accounting software closing
      • Standard journal entries and adjustments
      • Reconciliations
      • Variance analysis
      • Financial statement preparation & review
      Service

      FREQUENTLY ASKED QUESTIONS

      What are the common challenges during month-end or year-end accounting closures?
      Common challenges during month-end and year-end accounting closures include time constraints, inaccurate or incomplete data, lack of standardization, reliance on manual processes, and difficulties in reconciliation and interdepartmental coordination.
      Is accounting closure necessary if we already use accounting software like Tally or QuickBooks?
      How does accounting closure help in preparing for audits?
      Why should we outsource our accounting closure process?
      How often should businesses perform accounting closure activities?

      What can we help you achieve?

      Stay one step ahead in a rapidly changing world and build a sustainable future with us.

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      Call us at: +971 52 640 6240

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