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Monitoring Month-End Close Progress

Your at-a-glance Month-End Close Progress Dashboard   The GreenLine Dashboard serves as the default landing page for users. Here is an example:   The Doughnut Provides an interactive view of reconciliation progress during the month-end close process. By refreshing this view, management can monitor progress across the group in real-time. ...

How GreenLIne Handles Supporting Documents

About Supporting Documents GreenLine allows for the attachment of documents supporting line items in individual accounts as well a documents that are attached against the entire account. Only certain document types are cleared for import. These include Microsoft Office documents (EXCEL, Word and Powerpoint), text files and Adobe PDFs. Handling of Supporting Docs Documents t ...

Getting Your GL Recons out of EXCEL

Why General Ledger Reconciliation Is Important

The outcome of a regular month-end close and an accurate general ledger reconciliation process is financial records that a business can rely on. The audit oversight provided by a trustworthy set of financials allows a corporation to understand its financial status, highlight theft and reporting inaccuracies. ...

GreenLine GL Recon Process (Summary)

The GL Recon Process (summary) and GreenLine Roles The GreenLine month-end close process begins with the import of general ledger balances from an accounting or ERP system source. Preparers select accounts to work on based on their area of responsibility. Because GreenLine gives the financial management team such a clear overview of work progress (one progress monitor is Reco ...

How GreenLine Consolidates Accounts

Our Account Consolidation Method is Called Rollups We use a concept called rollups, when consolidating many accounts. Rollups show a single report that combines the numbers of all the consolidated accounts. Once a rollup is created it applies to all imported GL accounts that fall under its ambit. An assets reports is a good example. The report needs to consolidate all assets ...

What is the GL Reconciliation Process?

What is the General Ledger Recon Process? The GL recon process is an audit procedure, carried out on a regular basis; either monthly after the financial close of a business or yearly prior to the arrival of the company auditors. It is good accounting practice to ensure the GL is thoroughly checked for on a regular basis. The GL recon process is carried out by comparing each a ...

What is The General Ledger

The GL - All Transactions Over a Given Financial Period The general ledger (or GL) is a record of every single financial transaction a company makes during a financial year. The GL is made up of many individual accounts that represent a summary of all the transactions recorded for each account. Thus the line items detailing each account in the GL are elsewhere; either in the ...

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