FloQast™ Reconciliation Management is an advanced workflow automation solution that works with FloQast Close to deliver end-to-end account reconciliation management. Increase financial velocity and accuracy of the Financial Close while managing the risk of misstatement.
FloQast Reconciliation Management allows controllers and their teams to automate and manage the end-to-end reconciliation process with a centralized solution trusted by accountants and auditors worldwide.
Select an approach that will best address the risks unique to each account, as well as best practices to ensure consistency and continuity as your organization scales.
Some processes can and should be automated, while others require manual – but efficient – management. FloQast Reconciliation Management lets you choose the best method for your organization.
FloQast Reconciliation Management provides a single dashboard where you can monitor reconciliations in real time. See a quick summary or dive into the details, check the status of your reconciliations, and understand the impact on your Financial Close.
Centralized View
AutoRec Transaction Matching
AutoRec Amortization Schedules
Track Reconciling Items
Reconciliation Tracking gives accountants a centralized view of the reconciliation status of each account with balance comparisons, preparers, reviewers, and sign-off dates. FloQast sends automatic notifications when reconciliations are due, items are ready for review, or the platform detects an unexpected out of balance condition.
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Leverage AI to automate the account reconciliation process and speed up the month-end Close. AutoRec Matching automates the reconciliation process for bank, clearing, credit card, intercompany, and other accounts, saving your team signifiant time by matching thousands of transactions automatically.
Download the Data Sheet
AutoRec Amortization lets you set up automatic amortization schedules for prepaid accounts, making it easy to understand how each item is being amortized and ensuring the correct amount and number of months. Easily edit and preview your changes as needed.
Download the Data Sheet
FloQast’s Reconciling Items feature ensures that all reconciling items are recorded, tracked, and managed in one place. The platform tracks timing and unknown errors, gives reviewers greater visibility into the age and materiality of each reconciling item, and has a documented audit trail of resolution.
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“I saved so much time with AutoRec by not having to do all of the manual keying and manipulation with Excel. The transactions that match up automatically are set aside and I don’t even have to look at them. It gives me more time to focus on other issues or things that might take longer.”Cassie Blubaugh
See the reconciliation status of each account in an instant. Help automate the tedious reconciliation process so you can focus on process improvements leading to a smoother and more accurate Close. Feel confident that your team is working more efficiently and accurately with automated processes, including an integration with your ERP.
Learn MoreFloQast is your single place to manage all reconciliations. Assign preparers, reviewers, and sign-off dates to reconciliations. Leverage AI to speed up the month-end Close by automatically matching thousands of transactions and setting up automatic amortization schedules for prepaid accounts.
Learn MoreGain confidence in your organization’s Close with FloQast, which helps ensure accuracy by sending notifications when the platform detects an unexpected out-of-balance condition and organizes PBC records on behalf of your team. Leverage AI and countless other purpose-built controls to automate the reconciliation process.
Learn MoreUnlock more value from your FloQast Reconciliation Management investment with FloQast’s suite of seamlessly integrated accounting solutions.
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Best practice account reconciliation templates created by accountants, for accountants.
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Reconciliation Tracking gives accountants a centralized view of the reconciliation status of each account, with balance comparisons, preparers, reviewers, and sign-off dates.
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