The Finance Weekly

DECEMBER 1, 2024

The idea is to compare two sets of records—your internal records (like your company’s general ledger) and external ones (like bank statements or vendor invoices). Fixed Asset Reconciliation This type helps you ensure your company’s fixed asset register aligns with your general ledger.

Reconciliations 52

Reconciliations Accounting General Ledger Invoicing 52

Centage

JULY 25, 2023

Consolidating your financial data across several general ledgers quickly becomes complicated when you use spreadsheets. Our solution can also streamline the consolidation of entities with intercompany transactions, multiple currencies, journal entry adjustments, and complex allocation schemes.

Budgeting 98

Budgeting Financial Planning and Analysis (FP&A) General Ledger Forecasting 98

Planful

JUNE 22, 2017

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. This includes the following: Foreign currency translation. Here are the key accounting consolidation steps in the finance consolidation process : Collecting trial balance data (e.g.,

Accounting 40

Accounting General Ledger IFRS GAAP 40

The Finance Weekly

NOVEMBER 3, 2021

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. For both internal and external sources, each balance has to match the corresponding account in the general ledger.

Reconciliations 52

Reconciliations Accounting General Ledger (GL) Finance 52

Planful

OCTOBER 20, 2015

When you begin the process of closing, you start by exporting trial balance data out of the general ledgers or ERP software and collect the data into spreadsheets that have to be reviewed and processed manually. Excel is Inherently Insecure and Difficult to Audit. In Excel, all the data is visible to all of the users.

General Ledger 40

General Ledger Accounting Standards Auditing Currencies 40

Planful

NOVEMBER 10, 2016

For example, the integration of financial data from general ledgers (GLs) and operational data from human capital management (HCM) and other sources is required to support the financial consolidation and reporting process. Currency rates. Transaction detail. Statistical/non-financial data. Employees, jobs, and positions.

General Ledger 40

General Ledger Budgeting Forecasting Financial Data 40

Creative CFP

OCTOBER 2, 2020

There is drill-down functionality available from the general ledger, and you can click right through to the supplier invoice. It makes any query and audit way easier than before. There is an automatic link to XE.com , so multi-currency transactions are converted automatically to your reporting currency.

Accounting 52

Accounting Finance Cash Flow Forecasting General Ledger 52