FINANCIAL REPORTING: Chart of Accounts


 
Chart of Accounts and your firm’s Financial Information Architecture

A controlled and efficient financial reporting process requires alignment of all components of your organization’s Financial Information Architecture.
If any of these components are out of sync, then your ability to develop, maintain, produce and publish timely and well-analyzed financial reports can be severely hampered.  
Using GL Associates’ COA Lifecycle Methodology, we work with management to define their reporting needs, build a uniform foundation, and create robust enterprise reporting. 

 

 
GL Associates' Chart of Accounts (COA) services leads to sound COA health:
 
A Uniform Chart of Accounts results in an improved financial information architecture with these benefits:
  • Single version of financial truth across the enterprise (uniform chart of accounts)
  • Final reports automatically produced directly from ERP system.
  • Shorter financial closing cycles.
  • Increased Financial Control
  • Less errors, more transparency, and consistency
  • Improved COA governance and integrity.
  • A flexible structure that accommodates change and growth.
  
 

GL Associates' COA services may be right for you if:

  • Your managers depend on their own Excel-based reports to explain operating results instead of relying on their ERP reporting package.
  • Changes to your business structure cause extensive, time consuming reporting changes.
  • You are consolidating separate ERP systems and data.

 

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