Case Study

Practice Cuts Month-End Close from 5 Days to 1

Morrison & Associates reduced client month-end close from 5 days to 1 day across their 200-client practice.

1 day
Month-End Close
200
Clients
7 days
Earlier Reporting
10
Team Members
1

The Challenge

Morrison & Associates, a 10-person accounting practice, spent the first week of every month closing client books. Bank reconciliation, adjusting entries, and report generation for 200 clients was a gruelling, error-prone process.

2

The Solution

Runox automated bank reconciliation ran continuously, not just at month-end. AI-suggested adjustments and template-based accruals meant the close was largely done before the team started reviewing.

3

The Results

Month-end close dropped from 5 days to 1 day across the practice. Staff morale improved as the monthly crunch disappeared. Client reports were delivered a week earlier, impressing clients and improving retention.

Key Results

Month-end close reduced from 5 days to 1
200 clients closed in a single day
Reports delivered a week earlier
Staff morale significantly improved
Client retention increased

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      Runox — HR, Payroll, Accounting, Tax & Legal | 6 Jurisdictions | runox.ai