Sub-ledgers Aligned, GL Confirmed.
This AI agent ensures data integrity by automatically reconciling balances in sub-ledgers (like Accounts Receivable aging, Accounts Payable aging, Fixed Assets register) with their corresponding control accounts in the General Ledger.
The Problem
Problem Solved:
Manually verifying that the total of all individual items in a sub-ledger (e.g., all outstanding customer invoices in AR) matches the balance in the respective GL control account can be tedious. Discrepancies can indicate posting errors or system issues.
Key Features & Benefits
Key Features & Benefits:
- Ensures Data Integrity: Verifies that sub-ledgers and GL are in sync.
- Identifies Posting Errors Quickly: Helps catch discrepancies early.
- Reduces Manual Checking: Automates a routine but critical reconciliation task.
- Supports Audit Readiness: Provides evidence of reconciled balances.
- Improves Accuracy of Financial Statements: Relies on accurate underlying data.
How It Works
How It Works:
The agent typically uses RPA to extract summary totals from sub-ledgers and the balances from GL control accounts. Machine Learning (ML) can be used for more complex sub-ledgers to identify patterns in discrepancies or to match detailed transactions if a drill-down is needed. It flags any differences for investigation.
Ready to transform your Reconciliation process?
Join hundreds of businesses that have revolutionized their workflows and achieved measurable results with our AI agents.