Importance

Loading Importance Indicators...

Abstract

A method and system for financial reconciliation automation in managerial subsidiaries through system accounting controls. The embodiments of the present disclosure solve systemic organizational accounting problems by supporting transactional integrity, allowing for separate revenue valuations by function, instilling parallel control models throughout a client implementation, and decoupling ancillary concerns from an organization's revenue recognition. An accounting reconciliation system may be configured to execute logic operable to receive a data input; execute a valuation according to data input and accounting and managerial control logic; identify a reconciling item by evaluating a managerial valuation calculated by the revenue and receivables consuming application and executing over a DTM; and, select treatment of the reconciling item by enabling an administrative user to select a reconciling action over a graphical user interface executing over an administrator reconciliation application.

Loading the Abstract Image...

First Claim