This sample questionnaire includes questions related to the close the books process. The close the books process covers all activities leading up to the closing day, ledger-related activities, review activities, reporting activities, reconciliation activities, and also document the “who, what, when, where and how” of each activity in the process.
This tool focuses on journal entries, system interfaces, cash, credit card payments, accounts receivables, inventory, long lived assets, accounts payable, deferred revenue, retained earnings and financial reporting. Sample questions include: Does the system automatically create recurring journal entries? How are journal entries numbered?