Hospital Reimbursement

Chapter 12

Managing the Month-End Close Process

Each month accountants, accounts payable clerks, and payroll technicians all work at a hectic pace to formulate month-end financial statements. These statements are typically the departmental income statement, actual-to-budget comparisons, and other miscellaneous documents created through the numerous reclasses, interfaces, and accruals formulated during the month-end close process. A primary role of the director of accounting is to plan and organize this chaotic process and to ensure that financial ...