Global enterprises that have multiple accounting systems often face challenges in consolidating data for reporting and analysis. Moreover, they need to ensure that the close period is synchronized across geographical boundaries and that they are also compliant with local reporting standards.
Quantazone has deep experience in managing industry-specific accounting for reporting and reconciliations. We also leverage a range of technology tools to provide automation for Record- to-Report (R2R) activities such as month-end management, reporting, journal entry workflows and reconciliation.
Month end closes shall be a process of evaluation of the financial transactions along with the assessment of the same at the end of the month. It is thus a fast track mode of recording and assimilating the transactions that happened during the month.
We will be reviewing the entire records of the company; we shall be checking the Accounts reconciliation, Journal entries, Review of Expenses, Approval system, Balance sheet review.