Remove Currencies Remove General Ledger Remove Numbers Remove Reconciliations
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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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?Making Cross-Border Travel Payments Less Turbulent

PYMNTS

“Obviously, with the globalization of the world and the fact that so many countries are involved, companies have to deal with different regulations, languages and currencies,” Kilby said. Physical currency can be problematic for a variety of reasons, though, including that employees might not get the best foreign exchange rates.