{"id":1095,"date":"2017-07-29T19:00:13","date_gmt":"2017-07-29T19:00:13","guid":{"rendered":"https:\/\/www.aiminsight.com\/?p=1095"},"modified":"2021-02-17T12:56:36","modified_gmt":"2021-02-17T20:56:36","slug":"long-close-books","status":"publish","type":"post","link":"https:\/\/www.aiminsight.com\/blog\/uncategorized\/long-close-books\/","title":{"rendered":"Too Long to Close the Books"},"content":{"rendered":"<ul>\n<li>Excessive time is spent in reconciling inter-company due to\/from accounts because inter-company transactions have to be entered manually in each company.<\/li>\n<li>Inter-company transactions re-keyed into multiple company databases.<\/li>\n<li>There are errors.<\/li>\n<li>Transactions not get recorded in all companies.<\/li>\n<li>They get recorded incorrectly resulting in difficulty reconciling the inter-company balances.<\/li>\n<li>The reconciliation of bank accounts is manual.<\/li>\n<li>It takes much time to reconcile a bank account.<\/li>\n<li>The finance department spends a lot of time preparing reports to get information to those that require it.<\/li>\n<li>Data is being re-keyed from external applications.<\/li>\n<li>Errors occur.<\/li>\n<li>Costly development projects are required to develop integration from other appliances to the application.<\/li>\n<li>It costs much.<\/li>\n<li>Time is spent re-keying budget data from spreadsheets into the GL.<\/li>\n<li>You cannot easily transfer information between the general ledger and Excel for creating and updating budgets.<\/li>\n<li>You do not have a mechanism for creating base line or blank budgets utilizing the information within the general ledger.<\/li>\n<li>You are not able to link back or drill down from Excel to see more detail on the GL account.<\/li>\n<li>It takes increasing time to research balances and transactions.<\/li>\n<li>It takes much time to take to create and customize reports to share information with others.<\/li>\n<li>It costs much.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Excessive time is spent in reconciling inter-company due to\/from accounts because inter-company transactions have to be entered manually in each company. Inter-company transactions re-keyed into multiple company databases. There are errors. Transactions not get recorded in all companies&#8230;. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1095","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/comments?post=1095"}],"version-history":[{"count":2,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1095\/revisions"}],"predecessor-version":[{"id":1776,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/posts\/1095\/revisions\/1776"}],"wp:attachment":[{"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/media?parent=1095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/categories?post=1095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aiminsight.com\/blog\/wp-json\/wp\/v2\/tags?post=1095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}