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. Provides real-time data to the accounting and finance teams to execute variance analysis and re-forecasting.

article thumbnail

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

Planful

The biggest problem with spreadsheets is that they’re not designed for security and control of a corporate process – there could be several versions of the same spreadsheet, but how do you know which numbers accurately reflect the latest financial results? That can be challenging, as regulations continue to evolve.

Numbers 40