Tie the general ledger to its subledgers and classify every break
When month-end stalls every period because the GL doesn't tie to the AR and AP subledgers.
- Transformation
- Finance
Domain
7 RecipesFinance data engineering
Ledgers, receivables, payables and the close. These Recipes share a tie-out habit: every balance is reconciled to a source of record, and every number can be reproduced as of a date in the past.
Build something that is not there yet 7
Produce the trial balance and close pack as code
When the close pack is rebuilt by hand in a spreadsheet every period.
- Transformation
- Finance
Age receivables and compute DSO from open invoices as of any date
When the aging report is rebuilt by hand each month and never reconciles to the ledger.
- Transformation
- Finance
Age payables from open items as of any date and reconcile the total
When AP can't say how much sits past terms without pulling a manual extract from the ledger.
- Transformation
- Finance
Detect duplicate invoice candidates from explicit matching rules before payment
When AP paid a duplicate invoice and only found out after the payment run cleared.
- Data quality
- Finance
Compare budget and forecast to actuals at cost-center grain
When the budget lives in a spreadsheet and variance analysis is a monthly copy-paste exercise.
- Transformation
- Finance
Generate the revenue-recognition schedule and deferred-revenue roll-forward from contracts
When contracts, invoices, and recognized revenue live in three systems and the deferred-revenue roll-forward doesn't tie.
- Transformation
- Finance