Skip to content
Skip to content
Skip to content

(

+

)

Marginal

(

+

)

Marginal

Monthly reporting

Tessel closes the books in five days

Tessel closes the books in five days

Tessel closes the books in five days

A monthly close that took almost three weeks now lands on day five, with a board pack on day six.

19 days

19 days

19 days

→

→

5 days

5 days

5 days

Time to close

Client

Tessel

Stage

Seed, 22 people

Service

Monthly reporting

Duration

2 months

01 Challenge

Month-end meant three weeks of chasing receipts. By the time the numbers arrived the decisions they were meant to inform had been made.

Month-end meant three weeks of chasing receipts. By the time the numbers arrived the decisions they were meant to inform had been made.

Month-end meant three weeks of chasing receipts. By the time the numbers arrived the decisions they were meant to inform had been made.

02 Approach

We reset the chart of accounts, automated bank and card feeds, set a day-by-day close calendar and moved board reporting onto one page.

We reset the chart of accounts, automated bank and card feeds, set a day-by-day close calendar and moved board reporting onto one page.

We reset the chart of accounts, automated bank and card feeds, set a day-by-day close calendar and moved board reporting onto one page.

03 Result

Close time fell from 19 days to 5. The board pack is now a fixed deliverable and the founders review it before the month is over.

Close time fell from 19 days to 5. The board pack is now a fixed deliverable and the founders review it before the month is over.

Close time fell from 19 days to 5. The board pack is now a fixed deliverable and the founders review it before the month is over.

Next step / 20 minutes, no deck

Seeyourrunway.

Bring last month's bank balance. We'll send back the date the cash runs out and one decision to change it.

Book a cash review
hello@example.comReplies within one business day

Create a free website with Framer, the website builder loved by startups, designers and agencies.