Automate Your Manual Processes

Automate Your Trial Balance Tie-Outs

  • Eliminate manual ticking and tying with automated TB tie-outs.
  • FloQast integrates with your ERP to automatically match amounts in your Excel reconciliation workbooks to the trial balance.
  • Get email alerts whenever an account goes out of balance with the corresponding reconciliation.

Be Reasonable with your Reconciliations

  • Leverage FloQast’s Flux Analysis module to understand if a GL balance has materially changed from one period to another, including month-to-month, quarter-over-quarter, or year-over-year. Set materiality thresholds on a percentage and/or fixed amount.
  • Stop exporting to Excel for your fluctuation analysis — add explanatory text for material variances directly within FloQast. Group accounts any way you like.
  • Work on flux analysis any time. There’s no need to wait until the entire close is complete to begin analysis. Balances update dynamically.

Ensure Completeness and Prevent Unwanted Changes

  • Run a completeness check to ensure that any new accounts added to your GL are being reconciled. Don’t get caught off guard at the end of the year.
  • Prevent changes to reconciliations and documentation for closed periods by locking down folders with one click. FloQast protects your documents in any closed period.

Stay Compliant with Appropriate Internal Controls

  • Articulate and differentiate individual team member duties and responsibilities within FloQast. Grant appropriate access with granular user type definitions.
  • Automatically maintain an exhaustive audit trail of checklist item assignment, progress and completion simply by using FloQast.
  • Satisfy demands from both auditors and IT departments regarding documentation of informative access, change authority and the accuracy and archival of electronic records.

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