The Finance Weekly

OCTOBER 13, 2021

Determine who is the owner of each business procedure. Assign owners to each business process in IT, finance, operations, and other areas to ensure that everyone is working toward the same goal. Think through the “extended” process. When it comes to M&A and divestitures, change management is key to success.

Risk Management 130

Risk Management Risk Automation Close Processes 130

FloQast

NOVEMBER 11, 2024

In every accounting department I’ve been a part of, a crucial period rolls around at the end of each month: the month-end Close. The month-end close process is the culmination of a month’s worth of financial transactions, when all hands are on deck to ensure the company’s financial records are accurate and up-to-date.

Reconciliation 52

Reconciliation Close Processes Accounts Transactions 52

FloQast

APRIL 7, 2024

In this article, we will look at best practices for enhancing your close and how automated software tools can help you reduce completion times. That number should cover completing journal entries, reconciliations, variance analysis, forecast versus actual work, and required reporting to stakeholders.

Best Practices 52

Best Practices Reconciliation Close Processes Automation 52

PYMNTS

OCTOBER 20, 2020

As companies grow and look to better manage their spend, the use of purchase orders becomes standard operating procedure, especially in industries such as manufacturing, retail, and healthcare,” said Elle Kowal , chief product officer at MineralTree.

Automation 52

Automation Procedures Reconciliation Close Processes 52

Nanonets

MARCH 12, 2024

Data Processing: Transactions are classified, sorted, and recorded in the appropriate accounts. Reconciliation: Ensuring that all financial data is accurate and consistent across reports. Reconciliation: Reconciliation involves manually checking the records against bank statements and receipts.

Process 52

Process Finance Reconciliation Compliance 52

FloQast

DECEMBER 13, 2023

SOX controls , also known as SOX 404 controls, are processes, policies, and procedures aimed to prevent and detect errors in a company’s financial reporting process. They are implemented at all levels of the organization and are often embedded in business processes.

Compliance 52

Compliance Audit White Collar Crime Risk Assessment 52

FloQast

DECEMBER 18, 2024

Maintaining a high standard of reporting requires accounting teams to optimize their close process, eliminating inefficiencies and delays wherever possible, adapting to changes in the regulatory landscape, and seizing opportunities created by advances in accounting technology.

Close Processes 98

Close Processes Process Accounts Adjustments 98

EBizCharge

NOVEMBER 11, 2024

With several types of accounting reconciliation, each serves a distinct purpose, whether it be cash-based methods or more intricate multi-step processes. What is reconciliation? Accounting reconciliation is critical for maintaining financial accuracy and involves different types, such as bank and credit card reconciliation.

Reconciliation 52

Reconciliation Best Practices Non-Bank Audit 52

FloQast

DECEMBER 23, 2024

Reduce the chances of financial misconduct by implementing the right internal controls (such as segregation of duties and regular reconciliations). As long as youre doing things right, auditing is actually a positive process that protects you and gives your company more credibility with the public.

Audit 98

Audit Reconciliation Request for Information Process 98