₦airaland Forum

How can a business close for the day due to “end of the month”.

I really don it understand how the end of the month will cause a bank to close by 2pm.

This is a bank that has customers outside under canopies that are queued up to go inside due to COVID-19 restrictions.

ok

Philadelphia:
How can a business close for the day due to “end of the month”.

I really don it understand how the end of the month will cause a bank to close by 2pm.

This is a bank that has customers outside under canopies that are queued up to go inside due to COVID-19 restrictions.

There is nothing strange about this.

Maybe the bank wants to do month-end stock taking and cash count so they want to shut down operations during this time

SavageResponse:
There is nothing strange about this.

Maybe the bank wants to do month-end stock taking and cash count so they want to shut down operations during this time

I know but there’s a better way or a much more better diplomatic way of saying it.

What if they said “to run a monthly maintenance/ upgrade of their information system”?
Or let’s say “due to technical reasons”?

Which one is “due to month end”?

It doesn’t sound professional at all.

Abi na osusu dem dey do there?

That bank is having technical issues

zenith bank are having big issue today I can't even withdraw my money I tried pos still same thing

SavageResponse:
There is nothing strange about this.

Maybe the bank wants to do month-end stock taking and cash count so they want to shut down operations during this time

You are right beside, this is the end of the first quarter.

divinepips:
You are right beside, this is the end of the first quarter.

Each quarter is four months. The end of the first quarter is end of April not March.

Unfortunately they will have to go back home and come back at a later date.

ribegav:
Each quarter is four months. The end of the first quarter is end of April not March.

Hello,

Each year has 12 months and four quarters.

Dividing 12 months by 4 means each quarter is 3 months.

Thus March, June, September and December are the end of 1st, 2nd , 3rd and 4th Quarters respectively.

Hope this helps clarify.

Ciao!

ribegav:
Each quarter is four months. The end of the first quarter is end of April not March.

Ignorance shouldn’t be accompanied by such flagrant display of confidence!

There are 4 quarters in a year, each comprised of 3 months.

this can't be Lagos

;D3

Yazmin:
Hello,

Each year has 12 months and four quarters.

Dividing 12 months by 4 means each quarter is 3 months.

Thus March, June, September and December are the end of 1st, 2nd , 3rd and 4th Quarters respectively.

Hope this helps clarify.

Ciao!

This your hello sound funny

Accountants and bankers hate English language.
Na that alaye wey dey customer Service write this End of the month Inglish

Philadelphia:
How can a business close for the day due to “end of the month”.

I really don it understand how the end of the month will cause a bank to close by 2pm.

This is a bank that has customers outside under canopies that are queued up to go inside due to COVID-19 restrictions.

Closing their books for the month.

When you leave the bank at 4pm, most of their workers close at 8-9pm, while that involves daily closing of books.

Imagine month end.

ribegav:
Each quarter is four months. The end of the first quarter is end of April not March.

chai.. If to say you no comment, we for no know say you no get sense. Wasted education.

Every bsnk closes early on the last working day of the month, to allow their IT team to carry out the month end activities of closing their books. This is more apparent when the last working day falls during the week instead of a weekend, as it leaves no time to play with, as thw bank must be open to customers by 8am the next day.

ribegav:
Each quarter is four months. The end of the first quarter is end of April not March.

No go dey do pass yourself...

Philadelphia:
I know but there’s a better way or a much more better diplomatic way of saying it.

What if they said “to run a monthly maintenance/ upgrade of their information system”?
Or let’s say “due to technical reasons”?

Which one is “due to month end”?

It doesn’t sound professional at all.

Abi na osusu dem dey do there?

Lol they probably did that so that the average Nigerian will understand and they won't loose customers.

ribegav:
Each quarter is four months. The end of the first quarter is end of April not March.