Back to Month-End Close Process in R2R: A Step-by-Step Guide
Can I close the books if some reconciliations still have open items?
Record-to-Report (R2R) · Article FAQ
Detailed Explanation
Often yes, if the open items are understood, assessed for materiality, and documented under your company's policy. Unexplained or aging items should be escalated and not ignored.
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Disclaimer: This material is for educational purposes only. Every financial situation is unique. Consult with a certified professional before making significant decisions.