article thumbnail

Palette Unveils AP Automation Software For Construction Firms

PYMNTS

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. And its technology automatically imports the vendor register, currencies, and vendor accounts. Administrators can also provide some access to the search system to auditors.

article thumbnail

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.

article thumbnail

Year-End Close and Reporting: What’s Behind the Numbers?

Planful

These systems are designed to automatically load data from multiple general ledgers (GL) and other sources – both on-premises and in the cloud. Instead of using spreadsheets , many organization are switching to cloud-based EPM software with robust consolidation and reporting capabilities.

Numbers 40