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. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

Reconciliations 52

Reconciliations General Ledger (GL) Accounting Finance 52

PYMNTS

MARCH 31, 2020

The technology works in the background to provide correct approval routing and general ledger (GL) coding at the bill as well as bill line level. This intelligence helps improve future routing accuracy, streamlines payment reconciliation processes, and maintains data hygiene in the ERP,” the release stated.

Accounts Payable 53

Accounts Payable General Ledger (GL) Accounting General Ledger 53

CFO Share

JULY 14, 2022

Too many general ledger (GL) accounts. Unsophisticated GL structures. Multiple related entities must perform reliable intercompany eliminations and balance reconciliations which are challenging and can distort financial statements. Unusable financial statements come from one or many distinct sources.

General Ledger (GL) 52

General Ledger (GL) General Ledger Profit and Loss Invoicing 52