Remove General Ledger Remove Numbers Remove Reconciliations
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Crowe Launches Cash Management Solution For Hospitals

PYMNTS

Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and manage cash flow, the company said in a recent announcement. Hospitals can often struggle to manually reconcile cash flow coming from multiple sources.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

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.

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Your Inventory Value Report

CFO Simplified

It’s just a bunch of numbers, right? This information is critical for a number of reasons that we’ll explore in this article. If you’re a manufacturer or a wholesale distributor, you should be comparing the value in that inventory value report to one line on your general ledger, and that’s the value of inventory. .

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Nonprofit Audit Checklist (+ Free PDF Download)

The Charity CFO

The audit firm will come in to review your final end-of-year numbers and all the documentation they need to complete your audit. That means keeping your paperwork organized, staying current on your reconciliations, tracking restricted funds , and accurately recording all your expense and revenue transactions each month.

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Integrating RevRec and Cost Accounting in the SAP Public Cloud

Bramasol

How EBRR is a Game Changer There are a number of innovations and benefits that derive from using EBRR in the SAP Public Cloud. These include: Real-Time Reporting - One source document triggers the creation of two separate journal entries directly in the general ledger.

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How Data Guides A New Era For The ERP

PYMNTS

“Native ERP reporting typically isn’t optimized to handle the structure of financial data, or many of the complex requirements like granular data, drill-downs, automated reconciliation and comparative reporting,” he said. Efforts to modernize procurement and accounts payable are also opportunities for data integration with the ERP.

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Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

According to research released by Right Networks last year, corporate accountants are eager to embrace FinTech, as the ability to access company data “anywhere, anytime” ranked as their number one priority, driving cloud adoption among this profession. Right now, that has to be done on a bank-by-bank basis,” he stated.