It's that time of year to rack your brains and figure out the new budget. You'll be spending many nights estimating expenses for operation of the association and maintenance of the common property, the money needed to fund reserves for replacement, and the basic services to be provided.
We want to make sure that you not only survive, but thrive, during your year-end closing process. As you close out the year, we want to make sure that you’re armed with tips and tricks to help the process go as smoothly as possible.
This survival guide is a compilation of advice from industry thought-leaders, AvidXchange’s AP team, and from our customers. You’ll find helpful information on what reports and tools to use, as well as best practices for keeping your team motivated during this stressful season.
This guide includes:
Tips for Master Vendor File Maintenance
Budgeting Best Practices
Advice on Finance Technology
An Interview with JP Nicols on the Changing Role of CFOs
AP Year-End Best Practices from AvidXchange's AP Team