PYMNTS
AUGUST 12, 2020
In addition, project managers don’t need to find certain projects by general ledger (GL) account code numbers; instead, they can locate them by name. As a result, administrators and approvers have a faster way to take care of problems. Administrators can also provide some access to the search system to auditors.
CFO Simplified
APRIL 17, 2022
Manufacturing variances were caused by a variety of factors, but the summary general ledger (GL) postings didn’t provide an answer. . With everyone keeping their eye on the ball, the number of production problems dropped. They were nearly epidemic. This resulted in cost variances being reduced to less than 5% in 90 days.
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CFO Share
JULY 14, 2022
Is your balance sheet littered with negative numbers and old, incorrect figures? Too many general ledger (GL) accounts. Unsophisticated GL structures. Do your profits and cash flows make no sense? You are not alone: every growing business eventually needs a financial statement clean up. Bad intercompany processes.
Planful
FEBRUARY 16, 2017
At medium to large companies, you could be looking at many different spreadsheets with data sourced from various financial applications, and you have no idea how accurate those numbers are or whether you’ve got the latest version. Year-end close shouldn’t strike fear into your heart, though.
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. Unfortunately, it is frequently done in a manual, time-intensive and error-prone manner.
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