The month closed on the 4th. The pack landed on the 22nd.

Most management accounts arrive too late to change anything they describe, and the fix is rarely a faster accountant, or better accuracy.

By Steve 5 min read
Abstract bridge artwork for The month closed on the 4th. The pack landed on the 22nd.

A monthly reporting pack that lands on the 22nd is not late by the standards of most owner-managed businesses. It is normal. It is also, for the purpose of steering anything, close to useless, and the reason has almost nothing to do with the quality of the numbers in it. The interesting question is not how to close faster. It is what the length of the loop is doing to the decisions being made inside it. The arithmetic of the lag is worse than it feels Take a business that…

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