Now available on the Reconciliations page, is the Rec Reasonableness Check. This feature allows users to quickly identify if the account may require further attention (e.g. the account has changed dramatically from the last time it was reconciled) or if it appears to be business as usual.
In order for the ‘Recs Reasonableness’ to appear, the user only has to hover over the NetSuite/Intacct/ TB Balance on either the Close the Books or Reconciliations page. There is no further action required to activate this feature.
Note: The Recs Reasonableness will compare month/month, quarter/quarter, and annual/annual if the information exists within FloQast.
If you are new to FloQast, or on a new ERP, chances are there will not be a comparison and the tooltip will state ‘No Previous Balance’. The Recs Reasonableness will show the previous period $ amount, and the $ and % change when it is compared to the current TB amount being reconciled.