FINANCIAL REPORTING: COA Design
If it takes you too long to consolidate and produce financial reports each month, if you are planning to install and convert to a new ERP system, or if you want to proactively review the health of your current COA, GL Associates can help.
GL Associates has a thirty year track record of success designing charts of accounts for companies large & small in virtually all industries. We have a proven methodology, best practices and experience that is second-to-none.
Clients benefit from a well-designed chart of accounts
After a Chart of Accounts (COA) Design project, clients are well-positioned to gain these benefits:
- Automatically-produced consolidated reporting across a diverse group of plants, products, companies and business units directly from the ERP or BI tool.
- Shorter financial closing cycles.
- Increased financial control
- Less errors, more transparency and consistency
- Improved COA governance and data integrity
- Flexible structure that easily accommodates future growth, including acquisitions
- A “single version of the financial truth” across the enterprise
Service Features
Our proven design methodology honed over thirty years creates a chart of accounts that enables faster, better, more controlled financial reporting.
Our proven design methodology honed over thirty years creates a chart of accounts that enables faster, better, more controlled financial reporting.
- Report-driven Design ensures that analytical and reporting needs of managers drive the design of the new COA.
- A Uniform COA (UCOA) facilitates the consistent use of the chart by each operating unit across the enterprise. The natural account has the same meaning across the enterprise, and the accounting segments that comprise the organizational entities have the same meaning across all companies.
- We introduce best practices and ideas developed over many years working with diverse organizations on financial and management reporting and COA design. We assess these practices against our client’s unique situation and incorporate those ideas that fit.
- Our Client-Centered Project Approach ensures a high degree of interaction, information sharing and validation with managers and end-users, ensuring the best COA design possible.
Actionable Output
Clients receive documentation that jumpstarts COA conversion and change management activities. This documentation includes:
- Sample Pro-forma reports (includes traceability to new COA).
- Chart of Accounts structure (chart fields, values, rollups)
- Conversion tables (new to old code)
Our Approach
For a detailed approach and deliverables, please click here to access our white paper, entitled, "Removing the Intimidation Factor from Chart of Accounts Redesign and Conversion".
Is this service right for you?
This service may be right for you if:
- You want to align your COA with current and future reporting requirements.
- You are moving to new ERP or BI reporting tool.
Take the complete Quiz here.
EMAIL
PRINT PAGEFinancial Reporting:
COA Design
Chart of Accounts
COA Assessment
COA Conversion
Accounting Close
Financial Information Integrity
EVENTS
PRESS RELEASE: 2010 Technology Best PracticesJul 15th 2010
Optimizing the Chart of Accounts for Robust Management Reporting in JD Edwards
Sep 14th 2010
