Solutions
Accounting Systems
Financial records should make it possible to follow a balance back to the transactions behind it.
A workflow across the whole team
We discuss ledger structure, approvals and reconciliation with the finance team, including how operational systems pass information into the accounts.
Parts of the proposed journey
- General ledger & chart of accounts setup
- Accounts payable & receivable automation
- Fixed asset & depreciation tracking
- Tax configuration & regulatory reporting
- Bank reconciliation & multi-currency support
In practice
Accounting Systems: a practical example
Use a real type of transaction with fictional amounts to discuss entry, approval and reconciliation. Include a correction after the period has closed. The finance owner should agree the rules and reports before implementation begins.
An illustrative scenario to discuss when planning your project.