Progressive Reconciling

Progressive Reconciling enhances the effectiveness of AutoRec by allowing busy accounting teams to work on reconciliations throughout a given month, instead of all at once. Given the volume of transactions that many businesses face, often times, this process necessitates team members perform the task in chunks throughout the month — often daily. This helps reduce the stress on employees managing the reconciliations and improves their efficiency overall.

How does Progressive Reconciling work?

FloQast users will still upload an original Primary Source file and Secondary Source file to begin Reconciling Transactions. Now, users can continue uploading additional files throughout the period after the initial upload by clicking the “Add” button within the FloQast AutoRec module.

Users can upload just one file or two files, as needed, to complete the reconciliation.

What should the additional uploads look like?

The uploaded files should be in the same format as the original files.

The additional files uploaded can contain strictly new transactions, or a combination of already-imported transactions and new ones. If "repeat" transactions are included, AutoRec will ignore these for your convenience, and and only the new transactions will be taken into consideration.