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.