5 Reasons Spreadsheets are a Problem for your Reconciliations
Spreadsheets have been the backbone of finance and accounting for decades. Even as technology has changed and evolved over the years, there has also been a dramatic shift in internal and external reporting requirements, as well as increasing complexity in organisational structures.
Hoping for organised, coherent information, many accountants develop complicated, multi-level spreadsheet systems for their reconciliation process. Organisations quickly find themselves buried in a mountain of spreadsheets and investing an inordinate amount of human resources to maintain the highly manual process.
This eBook highlights what has commonly been identified as the top five, often interconnected, problems associated with an over-reliance on spreadsheets.