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Browser Client. Kaki Wynn. Browser Client Enhancements. Reconciliations Risk Assessment Process Manager Journal Entries on non-transactional data Amortization/Depreciation Linking Transactions. Reconcile your Entire Balance Sheet with an Array of Customizable Templates.

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Browser Client

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  1. Browser Client Kaki Wynn

  2. Browser Client Enhancements • Reconciliations • Risk Assessment • Process Manager • Journal Entries on non-transactional data • Amortization/Depreciation • Linking Transactions

  3. Reconcile your Entire Balance Sheet with an Array of Customizable Templates • In addition to GL / Independent Source, Balance Comparison and Balance Verification Templates, the Web Client offers these enhanced Templates: • Balance to Detail Comparison - This template is intended for same sign reconciliations where the balances from both sources are compared. Balances can be imported or calculated. This template is useful for accounts like GL to Subledger or accounts that have the sub as a spreadsheet. • Roll Forward - This template verifies that an opening account balance, plus and minus the activity for a fiscal period equals a closing account balance. This template is commonly used for fixed assets, equity, investments, and accounts receivable. • Roll Forward with Independent Source • GL to Independent Source/Balance Progression - Similar to the GL/Independent Source Template, this template is intended for reconciliations that involve reconciling two or more sources of data, and bringing the balances into balance. • Balance Change Analysis - This template is used to analyze and substantiate the change in the GL account balance from the beginning to the end of the fiscal period. The common uses for this template are fixed assets, equity, investments and accounts receivable. • Budget - This template is used to calculate and reconcile budgetary numbers, with a review and approval process similar to other GL reconciliations.

  4. Who Doesn’t need Options when it comes to Reconciliations? • Automated Account Assignment • Aging • Alignment of Linked Transactions • Alignment of Transactions Under Like Balances • Carry Forward of Attachments and Comments • Variable Due Dates • Balance Update Security • Interactive Comments • Time Tracking • Title Templates • Entry of Account Description Directly on Recon • Retention of User Reference Fields as of Recon Date • Purge Workflow Generated Recons • Override Recon Completion Status

  5. Risk AssessmentDon’t Roll the Dice with your Financial Health • The T-Recs Enterprise Risk Assessment feature allows organizations to manage and monitor high-risk accounts throughout their organization. Account assessments automatically are made based on organizational policies. Flexible rules allow the solution to be configured to address unique organizational risk management methodologies and compliance regulations. Escalation alerts provide the timely information required in order to respond quickly. This feature provides powerful support that managers and auditors need in today’s complex business environment.

  6. Process Manager

  7. Journal Entry CreationNot Just for T-Recs Transactions Anymore • The T-Recs Enterprise Journal Entry feature allows a company to manage the journal entry process while enforcing internal control policies and procedures. The following types of entries are supported: • Adjusting • Miscellaneous • Reversing • Recurring • Recurring-Reversing • Allocation • The system enforces internal control and minimizes errors by providing flexible workflow approval and configurable templates.

  8. Amortization/Depreciation • Importing Feature for Schedules • Automated Journal Entry Creation • Automated Reconciliation Approval • Methods • Annuity • Straight-Line • Double Declining Balance

  9. Linking Transactions • Transactions can be linked to each other without actually Matching them. • Link Transactions with Configurable Link Types for ease in manual matching once research is complete • For those transactions that are ready to change their Relationship Status, but not quite ready to Tie the Knot

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