Weekly Accounting Full Implementation is the complete form of 📝Weekly Accounting: it eliminates the 📝Month End Close in favor of weekly financials and quarterly roll-ups.
Anachronistically, a number of processes in an accounting department happen only monthly. A Full Implementation moves each of them onto a weekly cadence:
- Revenue Recognition – data from the billing system is ingested to push journal entries into QuickBooks automatically every week;
- Payroll – data from the payroll system is ingested to push journal entries into QuickBooks automatically every week;
- Accruals – monthly prepaid expense amortization is converted to weekly;
- Benefits Expense