Close faster with complete and accurate results.
Empower Accounting to manage and control the end-to-end financial close process by automating accounting workflows, providing a centralized and secure workspace to perform period-end accounting activities, and streamlining financial reporting.
Standardize, control, and streamline reconciliations.
Increase accuracy and efficiency across your account reconciliation process and produce timely and accurate financial statements. Drive accuracy in the financial close by providing a streamlined method to substantiate your balance sheet.
Drive visibility, accountability, and control across every accounting checklist.
Standardize, accelerate, and centrally manage accounting processes – from month-end close tasks to PBC checklists – with hierarchical task lists, role-based workflows, and real-time dashboards.
Match, analyze, and reconcile millions of transactions in minutes.
Streamline and automate detail-heavy reconciliations, such as bank reconciliations, credit card matching, intercompany reconciliations, and invoice-to-PO matching all in one centralized workspace.
Centralize, manage, and automate journal entries.
Create, review, and approve journals, then electronically certify, post them to and store them with all supporting documentation. Automatically create, populate, and post journals to your ERP based on your rules.
Control, validate, and streamline financial statement analyses.
Perform pre-consolidation, group-level analysis in real-time with efficient, end-to-end transparency and traceability. Reduce risk and save time by automating workflows to provide more timely insights.
Continuously monitor for risk with automated fluctuation analysis.
Calculate and identify account balance and activity fluctuations automatically to continuously monitor for risk, ensure the effective and timely execution of critical management review controls, and support agile decision-making.
Simplify, standardize, and automate your financial close in SAP.
Streamline and automate activities in SAP with task scheduling and execution, activity monitoring, and outcome verification.
Maximize working capital and release cash from your balance sheet.
Maximize working capital with the only unified platform for collecting cash, providing credit, and understanding cash flow. Transform your accounts receivable processes with intelligent AR automation that delivers value across your business.
Apply customer payments to invoices automatically.
Transform your order-to-cash cycle and speed up your cash application process by instantly matching and accurately applying customer payments to customer invoices in your ERP.
Create and operate risk polices with dynamic insights.
Understand customer data and performance behaviors to minimize the risk of bad debt and the impact of late payments. Monitor changes in real time to identify and analyze customer risk signals.
Release cash from customers and reduce DSO.
Improve the prioritization of customer calls, reduce days sales outstanding, and watch productivity rise with more dynamic, accurate, and smarter collection management processes.
Resolve customer disputes promptly to collect debt.
Accelerate dispute resolution with automated workflows and maintain customer relationships with operational reporting. Unlock full control and visibility of disputes and provide better insight into how they impact KPIs, such as DSO and aged debt provisions.
Maximize your time with data-driven prioritization.
Make the most of your team’s time by automating accounts receivables tasks and using data to drive priority, action, and results. Monitor and analyze user performance, ensuring key actions quickly.
Turn payment data into actionable, real-time intelligence.
Automatically process and analyze critical information such as sales and payment performance data, customer payment trends, and DSO to better manage risk and develop strategies to improve operational performance.
Automate invoice processing to reduce manual invoicing costs, maintain compliance with e-invoicing regulations, and increase efficiency across your invoice-to-pay process.
Unlock growth capacity with tax-effective intercompany operations.
Centralize, streamline, and automate end-to-end intercompany operations with global billing, payment, and automated reconciliation capabilities that provide speed and accuracy. Ignite staff efficiency and advance your business to more profitable growth.
Automate, optimize, and manage intercompany non-trade transactions.
Ensure consistent regulatory and tax compliance by automating non-trade transactions and invoices while enforcing trading relationships and policies, as well as required taxes and transfer pricing.
Centralize, streamline, and automate intercompany reconciliations and dispute management.
Seamlessly integrate with all intercompany systems and data sources. Automatically identify intercompany exceptions and underlying transactions causing out-of-balances with rules-based solutions to resolve discrepancies quickly.
Streamline and automate intercompany transaction netting and settlement to ensure cash precision.
Enable greater collaboration between Accounting and Treasury with real-time visibility into open transactions. Integrate with treasury systems to facilitate and streamline netting, settlement, and clearing to optimize working capital.
Get set up quickly for a streamlined and automated close.
The path from traditional to modern accounting is different for every organization. BlackLine’s Modern Accounting Playbook delivers a proven-practices approach to help you identify and prioritize your organization’s critical accounting gaps and map out an achievable path to success.
Save time and cost, decrease risk, and elevate the organization.
BlackLine’s foundation for modern accounting creates a streamlined and automated close. We’re dedicated to delivering the most value in the shortest amount of time, equipping you to not only control close chaos, but also foster F&A excellence.
Invest in your future by unifying and automating accounting work.
To sustain timely performance of daily activities, banking and financial services organizations are turning to modern accounting and finance practices. It’s no longer a matter of whether or not to digitally transform. It’s a matter of when and how.
Adapt to changing consumer preferences with agile accounting.
To mitigate financial statement risk and increase operational effectiveness, consumer goods organizations are turning to modern accounting and leading best practices. Simply sticking with ‘the way it’s always been done’ is a thing of the past.
Energize your accounting team by creating capacity with automation.
While you are innovating to produce safe, reliable, and sustainable products and services, our solutions help accounting teams save time, reduce risk, and create capacity to support your organization's strategic objectives.
Align healthcare accounting teams to revenue-driving activities.
Working capital, cash flows, collections opportunities, and other critical metrics depend on timely and accurate processes. Ensure services revenue has been accurately recorded and related payments are reflected properly on the balance sheet.
Unlock capacity and strengthen resilience by automating accounting.
To respond and lead amid supply chain challenges demands on accounting teams in manufacturing companies are higher than ever. Guide your business with agility by standardizing processes, automating routine work, and increasing visibility.
Tie out millions of transactions automatically.
Retailers are recalibrating their strategies and investing in innovative business models to drive transformation quickly, profitably, and at scale. Save time, reduce risk, and create capacity to support your organization's strategic objectives.
Transform the way you work.
You've transformed the way we experience the world. It's time to embrace modern accounting technology to save time, reduce risk, and create capacity to focus your time on what matters most.
BlackLine is part of your SAP financial mission control center. Our solutions complement SAP software as part of an end-to-end offering for Finance & Accounting. BlackLine solutions address the traditional manual processes that are performed by accountants outside the ERP, often in spreadsheets.
Global brands and the fastest growing companies run Oracle and choose BlackLine to accelerate digital transformation. BlackLine delivers comprehensive solutions that unify accounting and finance operations across your Oracle landscape.
Gain global visibility and insight into accounting processes while reducing risk, increasing productivity, and ensuring accuracy. Close the gaps left in critical finance and accounting processes with minimal IT support.
Adapt and innovate with a hyperconnected Accounting function and give everyone the insights and freedom to thrive by connecting your data, processes, and teams with intelligent automation solutions for accounting needs.
ESG is an opportunity for F&A teams to have a direct impact on how their organizations interact with the communities around them and how they deliver value to their stakeholders.
Rising labor costs and shifting expectations are contributing to unprecedented change in the labor market and altering the way companies and their executives think about talent management.
ERP transformations are business transformations. Finance and accounting expertise is not only needed to prevent ERP transformation failures, but F&A leaders are poised to help drive project plans and outcomes.
Finance and IT leaders share a common goal of equipping their organizations with ways to work smarter to enable competitive advantage. This intersection between CFO and CIO priorities is driving more unity in terms of strategy and execution.
F&A teams have embraced their expanding roles, but unprecedented demand for their time coupled with traditional manual processes make it difficult for F&A to execute effectively. Transformation is necessary to address these challenges.
F&A leadership can have a significant impact by creating sustainable, scalable processes that can support the business before, during, and long after the IPO. This company-wide effort crosses multiple functional areas and is reinforced by critical project management and a strong technology infrastructure.
Timely, reliable data is critical for decision-making and reporting throughout the M&A lifecycle. Without accurate information, organizations risk making poor business decisions, paying too much, issuing inaccurate financial statements, and other errors.
The revenue cycle refers to the entirety of a company’s ordering process from the time an order is placed until an invoice is paid and settled. The inability to apply payments on time and accurately can not only lock up cash, but also negatively impact future sales and the overall customer experience.
While the responsibility to maintain compliance stretches across the organization, F&A has a critical role in ensuring compliance with financial rules and regulations. Together with expanding roles, new expectations from stakeholders, and evolving regulatory requirements, these demands can place unsustainable strain on finance and accounting functions.
In good company.
More than 4,000 companies of all sizes, across all industries, trust BlackLine to help them modernize their financial close, accounts receivable, and intercompany accounting processes.
Join an exclusive community of peers, partners, and BlackLine experts.
BlackLine users around the world gain access to a digital hub of insight, information, and engagement that enables the exchange of ideas and leading practices for peak F&A performance.
Guided, connected, and committed to your success.
BlackLine Services combine leading practices and expert guidance with best-in-class technology to help your F&A organization seamlessly implement sound processes and solutions, identify new opportunities for accounting optimization, and expand into areas you never imagined you would have the time to tackle.
Build a foundation for world-class accounting.
Whether planning your first implementation or expanding your BlackLine platform, leverage expert guidance to help you build and execute your vision, drive unified, automated, and continuous accounting processes, and enable Finance and Accounting to deliver strategic business value.
Accelerate adoption and drive productivity and performance.
One of the critical success drivers for any software technology is effective user training and adoption. Whether you are deploying for the first time or creating a sustainable education program for maximum value creation, explore how you can take the next steps to upskill your users.
Your success is our success.
From onboarding to financial operations excellence, our customer success management team helps you unlock measurable value. Through workshops, webinars, digital success options, tips and tricks, and more, you will develop leading-practice processes and strategies to propel your organization forward.
Go beyond with end-to-end transformation.
Powerful technology is only part of the story. Successful transformation requires expert guidance from a trusted partner. Explore offerings that unlock new transformation opportunities and make transformation a reality.
World-class support so you can focus on what matters most.
BlackLine provides global product support across geographies, languages, and time zones, 24 hours a day, 7 days a week, 365 days a year. We are here for you with industry-leading support whenever and wherever you need it.
Connect with peers across Finance & Accounting.
Whether new to BlackLine or a longtime customer, we curate events to guide you along every step of your modern accounting journey.
Hear from F&A thought leaders and customers like you.
Explore our schedule of upcoming webinars to find inspiration, including industry experts, strategic alliance partners, and boundary-pushing customers. And, earn CPE credits while you're at it.
Catch up on the latest finance transformation guidance.
Check out our most recent webinars dedicated to modern accounting. If you recently attended webinar you loved, find it here and share the link with your colleagues.
Dive into digital finance transformation.
Explore the future of accounting over a cup of coffee with our curated collection of white papers and ebooks written to help you consider how you will transform your people, process, and technology.
Stay on top of the latest accounting trends.
BlackLine Magazine provides daily updates on everything from companies that have transformed F&A to new regulations that are coming to disrupt your day, week, and month. Check back often for the latest commentary and guidance.
Brush up on key accounting terms.
Whether you're new to F&A or an experienced professional, sometimes you need a refresher on common finance and accounting terms and their definitions. BlackLine's glossary provides descriptions for industry words and phrases, answers to frequently asked questions, and links to additional resources.
Integrate your accounting operations with open APIs.
Our API-first development strategy gives you the keys to integrate your finance tech stack - from one ERP to one hundred - and create seamless data flows in and out of BlackLine.
Since our founding in 2001, BlackLine has become a leading provider of cloud software that automates and controls critical accounting processes.
Companies come to BlackLine because their traditional manual accounting processes are not sustainable. We help them move to modern accounting by unifying their data and processes, automating repetitive work, and driving accountability through visibility.
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BlackLine is a high-growth, SaaS business that is transforming and modernizing the way finance and accounting departments operate. Our cloud software automates critical finance and accounting processes. We empower companies of all sizes across all industries to improve the integrity of their financial reporting, achieve efficiencies and enhance real-time visibility into their operations.
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The chart of accounts (CoA) lists all the accounts for a business and arranges them according to five basic categories of organization, typically:
Income or revenue
The CoA is a master document used to produce other accounting records and financial statements like the balance sheet, income statements, and cash flow statements.
It is one of four major components of the general ledger (GL)—an accounting record that compiles all financial transactions for the business. The other three components are financial transactions, account balances, and accounting periods.
The GL allows accountants and business managers to make informed analyses about the business by looking at its transactions and how they impact its finances. To facilitate this analysis, the general ledger displays transactions in groupings, or accounts, which represent certain functional aspects of the business.
The audience interested in the chart of accounts might include investors, shareholders, auditors, management, and accountants.
Within the five broad categories, the chart of accounts contains separate sets of accounts for the purposes of recording and organizing specific transactions.
These are referred to as subledgers or subledger accounts.
Assets may include a cash account, accounts receivable, inventory, investments, short-term assets, and fixed assets
Liabilities might include mortgage debt, bank debt, accounts payable, unpaid wages or taxes, and unearned rent
Equity refers to various forms of value gained from stock in the company, such as common stock, preferred stock, retained earnings, and contributed surplus
Revenue accounts include all manner of income for the business; this might include sales, rental income, interest income, and asset sales
Expense accounts can include a variety of expenses or costs incurred by the business for its operations including the cost of goods sold, cost of sales, repairs, maintenance, rent, wages, utilities, bank charges, and fees
The various subledger accounts within each of the five categories in the chart of accounts will vary depending on the business. For example, an ice cream shop will have accounts for expenses such as utilities, rent, and supplies. A property management company will have revenue accounts for rental and investment income. A manufacturer will have asset accounts for inventory and expense accounts for the cost of goods sold.
The chart of accounts is arranged in columns, and the number of columns may vary. Most charts of accounts will have at least four columns with the following headings:
Some charts of accounts may also have a fifth column that displays the type of financial statement where the account transactions will appear. For example, asset account transactions like cash and accounts receivable will appear on the company’s balance sheet. Revenue account transactions like sales and rent, and expenses like fees and wages, will appear on the income statement.
A company could assign account numbers to control the order of accounts in financial statements to make them simpler to decipher and more actionable.
Account names reflect each of the business accounts you’re reporting on (such as bank fees, cash, taxes, etc.).
Each account is assigned a type that identifies how a transaction should be coded and indicates where it should appear in the financial statement.
Account Detail or Description
This is a further drill down from Account Type and provides a detailed view of the entry across a broader category. For example, it could identify the exact type of Fixed Asset being referenced.
The numbering system in the chart of accounts typically follows a general format, which corresponds to the structure of the five basic categories.
Sub-accounts in each category are assigned a sequential number within that category’s series of numbers, for example:
Equity accounts 300-399
For larger companies, additional codes representing divisions and/or departments are added in front of the account codes. In these instances, the number will be a five or seven-digit serial number, with the three-digit account number at the end.
For example, expenses in a large corporation with multiple divisions and departments might look something like 03-07-534. The first two digits, 03, represent a particular division. The second two digits, 07, represent a department. The last three digits, 534 represent a particular sub-account of expenses, such as utilities or rent.
Since the chart of accounts is an important tool to manage a company’s financials and can be valuable in making smart business decisions, there are many best practices that can help keep the CoA in good shape.
Don’t delete old accounts—at least not until the end of the year. Even then, you may wish to mark them inactive, so you can maintain historical records for comparison.
Do review your accounts at the end of the year to find opportunities for consolidation and ensure the accounts you have are correct and relevant.
Don’t add too many accounts. For example, you don’t want to have one account with only one transaction posted to it, and you don’t need a separate account for every product or service you sell or every bill you pay.
Do space out account numbers if/when you add new ones—this allows you to leave room for growth.
Do aim for consistency by creating a CoA that doesn’t change much year over year. This will help you compare accounts over time.
Both the chart of accounts and the general ledger are important tools for managing a business's financials. However, they serve different purposes.
A chart of accounts is a listing of all the financial accounts that a business uses to track its financial transactions and is typically organized by account type (assets, liabilities, revenues, and expenses). It provides a framework for organizing financial information, and it is used to create financial statements such as balance sheets and income statements.
The general ledger is a record of all the financial transactions of a business. It contains all the detailed information about the financial accounts listed in the chart of accounts. Each transaction is recorded in the general ledger and is then used to update the balances in the corresponding account in the chart of accounts.
Each company is unique and depending on the size and complexity of the organization, the chart of accounts may be set up differently. However, there are some basic steps to setting up a chart of accounts
Create business account names for each of the accounts you’re reporting on (such as bank fees, cash, taxes, etc.)
Assign account numbers to business accounts
Organize account names into one of the account category types
The chart of accounts is an important component of the general ledger that organizes financial transactions for the business into basic categories.
It facilitates the organization and review of the business’s financial activity. It also allows for the separation of distinct types of financial activity, for example, assets from liabilities, and expenses from revenue.
All of this makes it easier for management to evaluate the different aspects of the business’s financial activity and performance. It facilitates a similar analysis for investors and shareholders. And this makes it easier for the business to comply with financial reporting standards.
The chart of accounts provides a framework for organizing financial information and tracking a business’s financial performance. The CoA can help company leaders make informed decisions by analyzing financial data and identifying areas where improvements can be made. For example, a business can use a CoA to track its revenue and expenses by account, which can help it identify areas where it is overspending or underperforming. A chart of accounts is an essential tool for understanding and managing a business's financials.
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