Checklist
8 Tips to Strengthen Accruals
Accurate financial information is a prerequisite for making informed and data-driven decisions. And there’s one critical yet often overlooked strategy to accomplish that: accruals! Below are 8 steps you can take to help tighten up your accruals process today.
This checklist covers:
- How to harness the power of automation solutions to streamline your accruals process, reduce errors, and free up time for critical analysis.
- The importance of allocating adequate resources to your accruals process and why a well-balanced team is key to success.
- The significance of documenting accruals procedures to ensure consistency and alignment within your organization.
"Gappify has made a huge impact on our accounting operations. Implementation was fast and efficient, Gappify's automation immediately took work off my team's plate. The ROI is significant as we are able to get more done and close our books faster without adding headcount. I'd recommend Gappify to any Controller who is growing their organization and scaling for the future."
"Gappify has improved our vendor onboarding process and streamlined our accruals, which now takes a few hours vs. days to complete. Effortless integration with NetSuite ensures accuracy, security, and completeness of records. Gappify is a must have resource to scale accounting.”
"Gappify's automation has made a big impact on our AP team, reducing the time spent to onboard new vendors and process information in NetSuite. Their solution helps us create more scale from accounting and keep costs low, even as our company has grown."
“In an era of new business models and changing accounting standards, accounting professionals need automation so that they can deliver fast, correct and smooth close processes. Gappify equips finance staff to keep pace with the speed of business, and enable finance transformation in an era of increasing complexity."
“Gappify has improved and streamlined our vendor onboarding process and provided us with a simple, secure, and automated way to collect and verify vendor master data and integrate seamlessly into our ERP system. Gappify has been excellent to work with to continuously evolve and mature our vendor onboarding process."
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