RECONCILIATION OF THE FINANCE DEPARTMENTβS GENERAL LEDGER AND INVENTORY ACCOUNTING
With the Ledger Validation Suite for Dynamics 365
The challenge: Finding discrepancies between the finance departmentβs general ledger and inventory accounting
For production and trading companies, recording countless incoming and outgoing stock, as well as stock transfers (including type, value, and quantity of the goods) are part of the daily work. 10,000+ stock movements need to be quickly recorded every day. Extrapolated over the year, a single company creates several million posting lines in the general ledger and sub-ledger. Deviations and minor inconsistencies are common. For financial and inventory accounting, usually in the run-up to the annual financial statements, it is an enormous challenge to reconcile inventory postings (in the sub-ledger) with those of financial accounting (in the general ledger). Manual troubleshooting is extremely time-consuming and finding all inconsistencies and discrepancies between the general ledger and inventory accounting is almost impossible.
The Solution
This is where the Leger Validation Suite from Inway Systems comes to the rescue. With just a few clicks, the add-on lists all discrepancies between the general ledger and sub-ledger and accurately compares the corresponding postings. Find discrepancies reliably even within several million posting lines, post-process your financial and inventory ledgers in accordance with accounting principles, and optimally prepare them for operational and tax audits.
How the Ledger Validation Suite works
- The Ledger Validation Suite traces discrepancies between the finance departmentβs general ledger and inventory accounting on date and document level.
- Sorted by date and document, you receive an evaluation report, as well as a list of all deviating posting pairs after a reconciliation scan.
- You will also see all relevant data and information on the posting records found.
How you profit from the Ledger Validation Suite
:Detect discrepancies reliably without manual effortβeven with several million posting lines.
Post-process general ledger and inventory accounts according to accounting principles, and secure your accounting for operational and tax audits.
Long searches will be a thing of the past as you find discrepancies between the general ledger and warehouse sub-ledger reliably and quickly
- For the On-premise version of the Ledger Validation Suite there is a one-time license cost of 6.100,00 β¬.
- The annual maintenance is 16% of the list price.
- For the cloud version of the Ledger Validation Suite, you sign up for a subscription with a cost of 203,00 β¬ per month.
- The subscription can be cancelled annually.
- For the cloud version of the Ledger Validation Suite, you sign up for a subscription with a cost of 243,60 β¬ per month.
- The subscription can be cancelled on a monthly basis.
2. For which Dynamics solutions is the Ledger Validation Suite for Dynamics 365 available?
The Ledger Validation Suite is available as an add-on for the following ERP systems:
- Microsoft Dynamics AX
- Microsoft Dynamics 365 for Finance and Operations
- Microsoft Dynamics 365 Finance
- Microsoft Dynamics 365 Supply Chain Management