Remove Auditing Remove Currencies Remove General Ledger Remove IFRS
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What is the Financial Consolidation Process in the Accounting World?

Planful

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). This includes the following: Foreign currency translation. Elimination of intercompany transactions and balances.

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10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

It also offers convenient multi-currency management. Additionally, Adaptive doesn’t always adequately handle multiple currencies and exchange rates, causing issues with balance sheets. Automated reporting also enforces compliance with GAAP and IFRS standards. Customer success. Key features.