Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
To initiate a reconciliation, one should start by examining the closing balance of the General Ledger in comparison to the sub-ledger or other pertinent documents, which may include bank statements or third-party records. Any discrepancies identified between these sources must be thoroughly investigated, measured, and resolved whenever feasible by making the necessary adjusting entries in either the general ledger or sub-ledger. It is also essential to document any anomalies as reconciling items to maintain transparency throughout the process. Ultimately, the balances should align perfectly and be substantiated with all accompanying documentation linked to the reconciliation. The review process is crucial for confirming the completeness of the reconciliation, and incorporating an additional approval layer can enhance confidence in its accuracy. Moreover, establishing a robust framework along with a standardized process can significantly streamline and enhance the efficiency of the reconciliation process at the end of each month. This not only fosters consistency but also aids in identifying potential issues much earlier in the cycle.
Description
Our cloud-based solution is designed specifically for conducting internal departmental and process audits. We view our customers not just as a way to increase profits, but as collaborative partners whom we aim to support with our software for the long haul. Therefore, we will never resort to using an anonymous call center or establishing a self-service forum for users. Our strong liquidity and a complete avoidance of leverage allow us to maintain total independence from capital providers, which is crucial for our operations. This independence empowers us to execute our innovative concepts that prioritize our clients' benefits. We are committed to refining our software to near perfection and prefer to invest time in development rather than releasing products prematurely when funds run low. In our view, this approach is essential for achieving lasting success. Furthermore, updates to the software are installed automatically, ensuring that you can work seamlessly with the most current version without any hassle. Additionally, we are in the process of creating a structured organizational framework to enhance our operational efficiency.
API Access
Has API
No
API Access
Has API
No
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$50.00
Price per audit
Free Trial
Yes
Free Version
Yes
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Vendor Details
Company Name
RecWise
Founded
2017
Country
Australia
Website
www.recwise.com
Vendor Details
Company Name
Wisolution
Founded
2004
Country
Ireland
Website
www.wisolution.com/WiAudit/Home
Product Features
Audit
Alerts / Notifications
No
Audit Planning
No
Compliance Management
Yes
Dashboard
Yes
Exceptions Management
Yes
Forms Management
No
Issue Management
No
Mobile Access
No
Multi-Year Planning
No
Risk Assessment
Yes
Workflow Management
Yes
Product Features
Audit
Alerts / Notifications
No
Audit Planning
No
Compliance Management
No
Dashboard
No
Exceptions Management
Yes
Forms Management
No
Issue Management
No
Mobile Access
No
Multi-Year Planning
No
Risk Assessment
No
Workflow Management
Yes