Adjustments Audit Close Processes 
The Finance Weekly
NOVEMBER 3, 2021
Once the errors have been identified, the bank should be notified to correct the error on their end and generate an adjusted bank statement. Bottlenecks in the period-end are closed from unexplained exceptions (i.e. The errors should be added, subtracted, or modified on the bank statement balance to reflect the right amount.
PYMNTS
JANUARY 26, 2018
Corporate accounting software is now a continually evolving space, but progress doesn’t occur in a vacuum: External forces and trends, from changing regulations to increased adoption of FinTech by the enterprise, force businesses to adjust how they record and report financial data. Open Banking initiatives in the EU, U.K.,
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FloQast
MARCH 22, 2024
Outdated manual month-end close processes are a pain point for companies of every size – taking up as much as 40% of finance departments’ monthly working time and attention – an effort that could be better spent adding value to the business in other ways.
Nanonets
JUNE 23, 2023
At the end of each accounting cycle, the accounting or finance team of a company reviews its accounts and adjusts balances. This process is known as the financial close. Balance sheet reconciliation is a crucial step in the financial close process, serving as a vital control mechanism for organizations.
Nanonets
MAY 6, 2024
Founded in 2001, BlackLine offers a comprehensive suite of solutions that empower organizations to automate traditionally manual and spreadsheet-intensive tasks, enhance accuracy, improve visibility, and optimize efficiency throughout the financial close process.
FloQast
MAY 7, 2024
The Year End Close: Why Does It Matter? The Year-End closing process is the regulatory requirement that companies verify the accuracy of their annual finances. FloQast organises not only my close workflow but that of my entire team. It makes it easy for me to see exactly where everyone is in the close process.
Nanonets
JUNE 18, 2024
Automated Accounts Reconciliation software like Nanonets can cohesively consolidate all data sources on one platform, automate the matching logic across external data sources and general ledgers, effectively provide an audit trail, and keep the process transparent for the accounting team personnel involved.
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