Your close isn't slow because your team is slow at accounting. It's slow because 60% of close work isn't even accounting.
I ran the numbers on our last 3 month end closes. Tracked every single task by category across all our clients. I wasn't trying to prove anything I was just curious where the time was actually going.
Here's what came back.
Actual accounting work like reconciliation, journal entries, accruals, and trial balance review took up about 38% of our total close time. That's the stuff we trained for. That's the stuff we're actually good at.
Everything else took up 62%. And by everything else I mean writing close memos from scratch because nobody saved a template from last month. Emailing clients three times to get a single receipt. Explaining to a SaaS founder what SG&A means and why it went up 18% when he's the one who hired two people last quarter. Reformatting reports into whatever format the client's board wants this month. Updating the Google Sheet that tracks the close itself which is somehow its own 30 minute task every month.
This is what bugs me. Every time someone on here posts about speeding up their close the answers are always the same. Hire another senior. Get better at reconciliation. Work faster. But nobody ever talks about the fact that more than half the time isn't spent on the ledger at all. It's spent on communication and writing and admin work that just happens to live next to the accounting.
We have good people. They're not slow at accounting. They're slow at all the stuff surrounding the accounting that nobody talks about because it doesn't feel like real work even though it takes up most of the day.
I genuinely think most firms could cut their close time significantly without touching their actual accounting process at all. Just by fixing the writing and communication layer around it. But I rarely see that conversation happening