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Hi,
My Co-op currently receive draft cash basis financial statements usually on the 2nd or 3rd business day after the end of a month in pdf file format in our emails. While we appreciate this, I am always looking for improvements. Additionally, in the monthly Treasurer packs, we usually receive the bank reconciliation with a one month lag.
Does anyone receive bank reconciliations without the lag? How about accrual basis monthly financial statements?
Thanks!
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We provide our clients with an accrual based report. We also have a cash top-sheet so that they can see their cash positions on the date of the report, but not too many companies are also doing the accrual based reports.
We normally give out the prior month's financial report on the 20th of the following month as we do need time to assemble the bank statements and cancelled checks, etc.
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