Discover how to close the books faster with tips from Furey Accounting
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How to Close Your Books Faster: 6 Tips from Startup Accounting Experts

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Partner Post by Furey

For any startup, reliable and timely financial statements make all the difference between knowing whether your business is on track or not. 

This is why accountants perform the month-end close, to provide you with accurate and up-to-date insights so you can make data-driven decisions. While an important practice, closing the books each month can be tricky and time-consuming, which is why many startups turn to professionals for help. But if you’re handling your own month-end close, we have some suggestions to get you there faster. 

Here at Furey, we manage accounting operations for venture-backed startups. For our clients who use the Brex card, we leverage everything the Brex platform has to offer, along with our own tools, to close books with greater efficiency. 

Read on for tips on streamlining your month-end close with Brex.

1. Take advantage of detailed transaction information

Typically, credit card statements include incomplete or indecipherable vendor information, which means that you have to waste time finding and clarifying information yourself. Brex eliminates this hassle by giving you detailed and accurate vendor descriptions, including the complete name, address, and a direct link to their websites. Thanks to this feature, recognizing and coding transactions is faster and easier for everyone!

2. Make sure data is organized and easily accessible 

Let’s say that you want a breakdown of your business spend by department, vendor, or team member. To get this information, you’ll need two things: clean and organized data, and a team who knows how to transform that data into valuable financial insights. Brex stores transactions in an intuitive way, giving accountants the flexibility to build recurring custom reports as part of their monthly expense review. 

3. Increase efficiency with software integrations

One of our favorite things about the Brex platform is that it plays nicely with systems that you may already use, like Netsuite, Quickbooks, Expensify, and Xero. Knowing how to leverage these integrations can be a huge time saver. For instance, if you configure custom rules in Quickbooks, you can export coded transactions in bulk without needing to categorize them every time. With Brex, manual processes are a thing of the past.

4. Take total control of expenses and company spend

As your startup grows, keeping track of how your team spends gets more complicated. Brex helps simplify this process by allowing you to issue virtual cards with set limits for individual employees and departments. From there, you can use the centralized dashboard to review transactions, understand spending trends, enforce expensing rules, and flag large purchases. This gives power to managers, flexibility to employees, and powerful accounting insights to your finance team.

5. Save time with flexible statements 

Typically, credit card billing cycles don’t line up with monthly periods, so you're stuck spending time reconciling additional open items as part of your close—valuable time that can be spent elsewhere. With Brex, you can generate official PDF statements with custom dates while staying audit compliant.

6. Automate tasks to avoid having to play catch-up 

Chances are your team is already on Slack and you’re familiar with the benefits of time-saving integrations. So why not take advantage of this when it comes to tracking your business spend? With Brex’s Slack integration, teams can automate manual tasks like receipt reminders, expense memos, and more. 

Brex makes it easier for businesses to launch confidently,  scale fast, and realize their full potential. Whether you’re managing your month-end close or working with a trusted accounting partner, Brex helps you create efficiencies in the process, saving you time and money

How Furey can help

Furey manages accounting operations for venture-backed startups. We pair tech expertise with partnership-driven support to make way for better, smarter business growth. Our mission is simple: to help visionary startups scale. But we don’t just turn over clean books and financial reports. We partner with startup founders and teams, from launch to exit, to design solutions that grow with their business. We’re not outsourced accountants, nor consultants. We’re an extension of your team.

Curious about working together? Get in touch at info@fureyfs.com

______

Brex

Brex is an all-in-one finance solution for every business. Enjoy refreshingly easy payments, deposits, credit cards, automations, and expense tracking—all in one place. Learn more.

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Report: Discover the True Cost of Employee Expenses
Open an account

How to Close Your Books Faster: 6 Tips from Startup Accounting Experts

Hero Image

Partner Post by Furey

For any startup, reliable and timely financial statements make all the difference between knowing whether your business is on track or not. 

This is why accountants perform the month-end close, to provide you with accurate and up-to-date insights so you can make data-driven decisions. While an important practice, closing the books each month can be tricky and time-consuming, which is why many startups turn to professionals for help. But if you’re handling your own month-end close, we have some suggestions to get you there faster. 

Here at Furey, we manage accounting operations for venture-backed startups. For our clients who use the Brex card, we leverage everything the Brex platform has to offer, along with our own tools, to close books with greater efficiency. 

Read on for tips on streamlining your month-end close with Brex.

1. Take advantage of detailed transaction information

Typically, credit card statements include incomplete or indecipherable vendor information, which means that you have to waste time finding and clarifying information yourself. Brex eliminates this hassle by giving you detailed and accurate vendor descriptions, including the complete name, address, and a direct link to their websites. Thanks to this feature, recognizing and coding transactions is faster and easier for everyone!

2. Make sure data is organized and easily accessible 

Let’s say that you want a breakdown of your business spend by department, vendor, or team member. To get this information, you’ll need two things: clean and organized data, and a team who knows how to transform that data into valuable financial insights. Brex stores transactions in an intuitive way, giving accountants the flexibility to build recurring custom reports as part of their monthly expense review. 

3. Increase efficiency with software integrations

One of our favorite things about the Brex platform is that it plays nicely with systems that you may already use, like Netsuite, Quickbooks, Expensify, and Xero. Knowing how to leverage these integrations can be a huge time saver. For instance, if you configure custom rules in Quickbooks, you can export coded transactions in bulk without needing to categorize them every time. With Brex, manual processes are a thing of the past.

4. Take total control of expenses and company spend

As your startup grows, keeping track of how your team spends gets more complicated. Brex helps simplify this process by allowing you to issue virtual cards with set limits for individual employees and departments. From there, you can use the centralized dashboard to review transactions, understand spending trends, enforce expensing rules, and flag large purchases. This gives power to managers, flexibility to employees, and powerful accounting insights to your finance team.

5. Save time with flexible statements 

Typically, credit card billing cycles don’t line up with monthly periods, so you're stuck spending time reconciling additional open items as part of your close—valuable time that can be spent elsewhere. With Brex, you can generate official PDF statements with custom dates while staying audit compliant.

6. Automate tasks to avoid having to play catch-up 

Chances are your team is already on Slack and you’re familiar with the benefits of time-saving integrations. So why not take advantage of this when it comes to tracking your business spend? With Brex’s Slack integration, teams can automate manual tasks like receipt reminders, expense memos, and more. 

Brex makes it easier for businesses to launch confidently,  scale fast, and realize their full potential. Whether you’re managing your month-end close or working with a trusted accounting partner, Brex helps you create efficiencies in the process, saving you time and money

How Furey can help

Furey manages accounting operations for venture-backed startups. We pair tech expertise with partnership-driven support to make way for better, smarter business growth. Our mission is simple: to help visionary startups scale. But we don’t just turn over clean books and financial reports. We partner with startup founders and teams, from launch to exit, to design solutions that grow with their business. We’re not outsourced accountants, nor consultants. We’re an extension of your team.

Curious about working together? Get in touch at info@fureyfs.com

______

Brex

Brex is an all-in-one finance solution for every business. Enjoy refreshingly easy payments, deposits, credit cards, automations, and expense tracking—all in one place. Learn more.

Related Articles

arrow
blog footer
22 Vision Statement Examples to Help You Write Your Own
arrow
blog footer
7 Reasons Your Business May Be Struggling with Cash Flow— and How to Solve Them
arrow
blog footer
Report: Discover the True Cost of Employee Expenses
Open an account

How to Close Your Books Faster: 6 Tips from Startup Accounting Experts

Hero Image

Partner Post by Furey

For any startup, reliable and timely financial statements make all the difference between knowing whether your business is on track or not. 

This is why accountants perform the month-end close, to provide you with accurate and up-to-date insights so you can make data-driven decisions. While an important practice, closing the books each month can be tricky and time-consuming, which is why many startups turn to professionals for help. But if you’re handling your own month-end close, we have some suggestions to get you there faster. 

Here at Furey, we manage accounting operations for venture-backed startups. For our clients who use the Brex card, we leverage everything the Brex platform has to offer, along with our own tools, to close books with greater efficiency. 

Read on for tips on streamlining your month-end close with Brex.

1. Take advantage of detailed transaction information

Typically, credit card statements include incomplete or indecipherable vendor information, which means that you have to waste time finding and clarifying information yourself. Brex eliminates this hassle by giving you detailed and accurate vendor descriptions, including the complete name, address, and a direct link to their websites. Thanks to this feature, recognizing and coding transactions is faster and easier for everyone!

2. Make sure data is organized and easily accessible 

Let’s say that you want a breakdown of your business spend by department, vendor, or team member. To get this information, you’ll need two things: clean and organized data, and a team who knows how to transform that data into valuable financial insights. Brex stores transactions in an intuitive way, giving accountants the flexibility to build recurring custom reports as part of their monthly expense review. 

3. Increase efficiency with software integrations

One of our favorite things about the Brex platform is that it plays nicely with systems that you may already use, like Netsuite, Quickbooks, Expensify, and Xero. Knowing how to leverage these integrations can be a huge time saver. For instance, if you configure custom rules in Quickbooks, you can export coded transactions in bulk without needing to categorize them every time. With Brex, manual processes are a thing of the past.

4. Take total control of expenses and company spend

As your startup grows, keeping track of how your team spends gets more complicated. Brex helps simplify this process by allowing you to issue virtual cards with set limits for individual employees and departments. From there, you can use the centralized dashboard to review transactions, understand spending trends, enforce expensing rules, and flag large purchases. This gives power to managers, flexibility to employees, and powerful accounting insights to your finance team.

5. Save time with flexible statements 

Typically, credit card billing cycles don’t line up with monthly periods, so you're stuck spending time reconciling additional open items as part of your close—valuable time that can be spent elsewhere. With Brex, you can generate official PDF statements with custom dates while staying audit compliant.

6. Automate tasks to avoid having to play catch-up 

Chances are your team is already on Slack and you’re familiar with the benefits of time-saving integrations. So why not take advantage of this when it comes to tracking your business spend? With Brex’s Slack integration, teams can automate manual tasks like receipt reminders, expense memos, and more. 

Brex makes it easier for businesses to launch confidently,  scale fast, and realize their full potential. Whether you’re managing your month-end close or working with a trusted accounting partner, Brex helps you create efficiencies in the process, saving you time and money

How Furey can help

Furey manages accounting operations for venture-backed startups. We pair tech expertise with partnership-driven support to make way for better, smarter business growth. Our mission is simple: to help visionary startups scale. But we don’t just turn over clean books and financial reports. We partner with startup founders and teams, from launch to exit, to design solutions that grow with their business. We’re not outsourced accountants, nor consultants. We’re an extension of your team.

Curious about working together? Get in touch at info@fureyfs.com

______

Brex

Brex is an all-in-one finance solution for every business. Enjoy refreshingly easy payments, deposits, credit cards, automations, and expense tracking—all in one place. Learn more.

Related Articles

arrow
blog footer
22 Vision Statement Examples to Help You Write Your Own
arrow
blog footer
7 Reasons Your Business May Be Struggling with Cash Flow— and How to Solve Them
arrow
blog footer
Report: Discover the True Cost of Employee Expenses