In order for an account reconciliation to be reliable, it should be:
- Performed for all accounts
- Completed and reviewed in a timely manner
- In compliance with the appropriate accounting principles
- Constantly reviewed and improved upon
BlackLine’s Account Reconciliations module makes it easy for companies of all sizes to follow these guidelines. Features like reconciliation templates standardize the process and improve the quality of the reconciliations. Policies and procedures are associated with each reconciliation, which provides a simple way for preparers and reviewers to follow corporate policies and appropriate accounting principles. Preparers can store all of the related support in an online document repository for a more thorough reconciliation, and built-in workflows ensure that accounts are prepared, reviewed and approved by the appropriate people in a timely manner. Email notifications, robust dashboards and reporting give management and other key stakeholders real-time visibility over the account reconciliations.
Learn more about BlackLine’s Account Reconciliations module.