Are you challenged with accounting for multiple sets of books and standards, and reconciling between these different statutory records? Do you need to perform reconciliations between different accounting standards to understand and validate adjustments?

BlackLine's Finance Controls and Automation Suite, which offers a full feature-set to handle all aspects of close, provides tools to make statutory reconciliations easy. In the Consolidation Integrity Manager, one standard can serve as the base, with balances compared to the balances from other standards. Auto-certification occurs if the balances are equal, or within a configurable threshold. Alternatively, the Account Reconciliations module can be used to upload multiple balances, with an account segment applied to identify the balance type.

• Clear identification of out-of-balance accounts.
• Full audit trail and records of all balances that tie out and are system certified.
• Email notifications of balance changes.
• Links to underlying reconciliations to assist in researching discrepancies.