Linking Consolidations and Account Reconciliations:  Avoiding Garbage In, Garbage Out

When I worked in Finance in GL Accounting, or in FP&A, the mantra of “garbage in, garbage out” was what I lived by. As much as I hate to admit it, sometimes I was to blame for it. I’m sure there are much better accountants in the world than I...

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What’s the Difference Between Financial Consolidation and Data Aggregation?

On the surface, the concepts of financial consolidation vs. data aggregation might seem to mean the same thing.  But financial consolidation is more than just rolling up or aggregating numbers.  And to perform financial consolidation accurately...

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