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Account reconciliation: What it is, how it works, and what to do

Cube Software

Double-checking the books is second nature for any accountant. But what happens when you find discrepancies between accounts? That's where account reconciliation comes in. And for you triple-checkers and quadruple-checkers: we see you.). Or an error in a financial statement? And we'll tell you all about it in this guide.

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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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OneStream Launches Automated Account Reconciliation

PYMNTS

OneStream , which specializes in corporate performance management (CPM) for companies, has a new program that promises to speed up the time it takes to reconcile accounts, according to a press release. The Transaction Matching software goes hand-in-hand with OneStream’s existing Account Reconciliation.

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QuickBooks, Amazon To Provide Automatic Purchase Reconciliation

PYMNTS

Intuit has announced a new integration between its QuickBooks software and Amazon Business to allow small businesses to automate purchase reconciliation, according to a press release. This integration allows both small businesses, and the accountants who serve them, to better manage a business owner’s purchases and overall books.

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Perfecting the Close Checklist

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Let’s get up close and personal with balance sheet reconciliations to better understand the purpose behind this activity, so often taken for granted. Let’s rediscover the power of reconciling the balance sheet, the best way to approach the work, and the pitfalls to avoid when preparing or examining reconciliations. Program Cost: $0.

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Nonprofit Accounting Cleanup: How to Deal with a Mess

The Charity CFO

The conversation today has a very simple focus, 5 red flags that your nonprofit accounting needs improvement, even when it may not be recognized. Red Flag #1: Bank Account Reconciliation Whether the business is accrual or cash basis, it does not matter. Consider it like an internal audit and a necessity. Get the free guide!

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FloQast Augments Reconciliation Automation With AI

PYMNTS

Accountant close management software company FloQast has upgraded FloQast AutoRec, the company’s AI-powered solution to account reconciliation, according to a release. . There’s also progressive matching, which is for companies that want to reconcile accounts ahead of the close.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.