Highly innovative and user friendly tool to manage your checklists and account reconciliations for period close activities.

We are using FloQast to control the quality of account reconciliations. Users are required to upload detailed account reconciliations along with a breakdown of the balance as it appears on the trial balance. Until the balance as per the file containing the account reconciliation and balance as per Trial balance does not match exactly, the system will not allow the user to sign off the reconciliation in Floqast. Further, the reconciliation goes to the manager for his review. If he is satisfied with the quality of the details uploaded on Floqast, he approves the reconciliation to complete the sign of that particular account.

We may not be using all the modules of FloQast but the maintenance of the checklist account reconciliations and flux analysis are indeed benefiting us in the timely closure of books of account regularly and running a business effectively.

By using FloQast to maintain the account reconciliation, we can provide access to the system itself, and they can see the maker-checker status of this reconciliation and use it for audit purposes.