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MONTH-END MASTER INSIGHT: WHAT THE FLUX? WE WISH WE KNEW ABOUT THIS EARLIER!

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Month-End Master Insight, What the Flux

Ever completed a detailed flux analysis, only to realize at the last minute that adjustments were booked into the GL? We all know how this can throw off your balances, requiring tedious updates to your flux template, as you transfer updated balances and create new variance explanations.

Learn how Fundbox’s Accounting Manager utilized FloQast’s Flux Analysis module to seamlessly manage material variances and errors in real time. Also, learn how Fundbox strategically divided out responsibilities to each team member during the Flux cycle.

In this session, you will learn how to:

  • Eliminate manual processes when transferring financial data from your accounting software to the flux template
  • Identify material errors and variances in real time.
  • Use index matching and defined thresholds to carefully track high risk accounts.
  • Present information via FloQast Flux in front of accounting executives.
  • Assign out responsibilities to specific employees during the flux cycle.

Featured Speaker

lori-rosenberg

Lori Rosenberg
Accounting Manager, FloQast

 

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