Before vs. After KnightLedger

ERP System

Banking Portals

AP / Expense Platform

Payroll Provider

Sub-ledgers (FA, Rev)

Close Mgmt Platform

HR / Ops (Email)

Export trial balance

Download bank statements

Pull AP aging & AR aging

Pull payroll & benefits

Pull FA, rev, lease sub-ldgs

Gather open PO/accrual data

Build recon workpapers

Reconcile cash (all accounts)

Reconcile AR sub-ldg to GL

Reconcile AP sub-ldg to GL

Calc accruals & prepaids

Tie sub-ledgers to GL

Identify variances

Variances require research?

Request backup from ops/HR

Wait for responses

Research variances

Write flux commentary

Prepare JEs (accruals, reclass)

Route JEs for approval (email)

Upload JEs to ERP

IC elim & consolidation

Assemble close binder

Controller review

Issues found?

Draft financial statements

Build mgmt reporting pkg

Build board deck

CFO review & sign-off

CLOSE COMPLETE