SOLUTIONS / FINANCE OPERATIONS
01 / RECORD TO REPORT
One entity books a charge before the other. What’s still open?
Source
Two entity ledgers for the same period and currency.
Work
Match both sides and assign timing or coding differences.
Handoff
The controller reviews open items and approves corrections.
Group consolidation
Align the close calendar, translate balances and prepare elimination schedules.
02 / PERIOD-END ACCOUNTING
Payday falls after month-end. Accrue the days already worked.
Source
Payroll register, close calendar and cost-center map.
Work
Allocate earned pay by department and set the reversal date.
Handoff
The reviewer ties the balanced journal to payroll before posting.
Recurring allocations
Agree the driver, required entity inputs and approver for each allocation.
ILLUSTRATIVE JOURNAL / MARCH CLOSE
2 of 10 workdays × $60,000 payroll = $12,000 accrual.
Debit · Payroll expense $12,000
Credit · Accrued payroll $12,000
Reverse in April when payroll posts.
03 / TREASURY & FP&A
How does a late receipt change the cash low point?
Source
Bank balances, open invoices, payroll dates and hiring plans.
Work
Model late receipts and hiring changes over a 13-week forecast.
Handoff
Treasury sees the low point in each scenario and when to act.
Payables and receivables
Check AP for duplicates and match receipts to open AR.
04 / MANAGEMENT REPORTING
Which revenue or cost lines explain the margin miss?
Source
Closed actuals, approved plan and headcount assumptions.
Work
Bridge plan to actual by entity. Draft commentary linked to source schedules.
Handoff
Finance reviews the explanations and releases the board pack.
05 / FINANCE DATA
One department can have different codes in payroll, the ERP and the board pack.
Source
System exports and the mappings used in the current report.
Work
Align accounts and entities. Check totals and flag missing or duplicate keys.
Handoff
The data owner signs off. Finance can trace each figure to its source.
06 / ACCOUNTING AGENTS & CONTROLS
Which completed close tasks are still missing support?
Source
Approved policy, completed tasks, evidence and access rules.
Work
Configure an agent to flag missing support and route it to the owner.
Handoff
The reviewer resolves exceptions and signs off on the evidence.
TALK WITH SIMPLIFIEDFI
In 30 minutes, map the handoff and decide how to test one improvement.