article thumbnail

The best software for financial close and overview of the process

Spreadym

Adjustments are made to ensure that financial statements reflect the economic reality of the period being closed. Subsidiary Ledgers and Reconciliations: Subsidiary ledgers, such as accounts receivable and accounts payable, are reconciled to the general ledger to ensure consistency and accuracy.

article thumbnail

Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

Limited Visibility To conduct financial data analysis, your business needs to test various hypothetical scenarios. We know businesses are facing more and more financial struggles in the wake of current events and economic downturn, such as inflation, supply chain shortages, and difficulties securing capital.

article thumbnail

Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

To conduct financial data analysis, your business needs to test various hypothetical scenarios. We know businesses are facing more and more financial struggles in the wake of current events and economic downturn, such as inflation, supply chain shortages, and difficulties securing capital. Limited Visibility.