Probably too much. Depending on company size, the average month close takes 4-10 days. And for most companies, it’s a pretty painful process – just ask your accountant or tax advisor. "I have to print bank statements physically, file them, and review them with a highlighter" is a quote we actually got from a CEO.
It sounds awful – and that’s where automated pre-accounting comes in. It helps you record, sort, review, reconcile, and categorize all your financial data.
To help you master it, we've put together a pre-accounting guide. You’ll get a deep dive into the process, insights into the key steps and stakeholders involved, and how to use software to fix it.
Here is the pre-accounting guide.
If you've been following re:cap, you know we're all about capital. With our Capital OS, we bring liquidity management, forecasting, financial operations, and debt funding together in one place. How does this work in practice? Discover it here.
Pinktum, a Hamburg-based EdTech platform, uses re:cap to smooth out seasonal cash flow swings and fuel its expansion. With a stable cash position, it scales across the DACH region and into new European markets. Learn how they balance stability and growth.
We launched Accounting Automation to help companies close their books faster. If you fancy a product tour, listen to our VP Engineering Tom guiding you through the product in 60 seconds. Watch the tour.
Our CEO Paul Becker talked to Fundview about our expansion plans for 2025 and beyond. If you’re interested in what is happening next at re:cap, read the article.
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