BlackLine’s accounting software gives retailers all of the tools they need to seamlessly manage account reconciliations and a variety of tasks related to the financial close process. Many retail clients rely on the Transaction Matching module to quickly and easily account for credit cards, bank reconciliations and more. Capable of matching one million transactions per minute, this valuable tool replaces the manual tick-and-tie process and saves retailers hundreds of hours each month. BlackLine automatically imports data from bank files, POS systems, sub-ledgers and ERP solutions. Clients get better quality data, which leads to more automation and easier, better quality reconciliations. It also helps users better manage exception handling and track reconciling items for as long as it takes to close them.
A number of retail organizations have found other unique ways to apply BlackLine’s solutions. Many use Account Reconciliations and Transaction Matching to closely manage their inventories, while others have found Transaction Matching valuable in matching gift card balances vs. balances for retailers. In addition, some retail clients automate Journal Entries and create Bulk Journal Entries to manage their lease accounting for multiple stores.
Learn more about BlackLine’s Financial Close Suite and the accounting software many retailers use.