Localisation

Introduction

Cloud accounting allows you to configure different, standard GL accounts and lists, to assist you with any statutory requirements you may need depending on local market requirements.

Typical Problems

The lack of automation leads to an increase in the time needed to manually adjust the data and can be prone to errors causing account discrepancies.

When the functionality is available, it can suffer from a lack of information available, meaning reports may need to be taken out of the system, or additional journals posted, to give you the level of detail you require.

The process for transaction posting between different entities can be a problem as a lack of automation means that the process is manual, increasing duplication of effort.

Solutions

Full control of GL account mapping and creation makes it possible to set up specific codes for each market entity within the cloud accounting solution.

This will also allow you to split the information via your GL Codes automatically, at a dimensional level, improving the efficiency of your process by removing the requirement for manual intervention.

Benefits/ROI

Through system automation, businesses can achieve a reduction in time-consuming manual processes, reducing duplication of work and errors for a more efficient process.

Combining this with the automation of posting transactions between different entities, you can create automated and scheduled reports, to be sent direct to your inbox, as and when you need them.