What is a Securities and GL Reconciliation Report?

Reconciliation Reports are considered monthly data control tools and are used by accountants to help ensure that securities-related transactions tie to the General Ledger. Some of the main functionality in this type of report is that it for any given GL account chosen by the user will list and match with the related securities transactions. Months up to the current period are listed across the column to track historical balances. You find an example of this type of report below.

Purpose of Securities and GL Reconciliation Reports

Credit Unions use Securities and GL Reconciliation Reports to automate and speed up the monthly close process and to ensure that data from sub-ledgers match with the related GL postings. When used as part of good business practices in Accounting departments, a company can improve its accounting staff efficiency, and it can reduce the chances that mistakes carry through to financial reports.

Example of a Securities and GL Reconciliation Report

Here is an example of a Securities and GL Reconciliation Report with user-defined parameters for Entity and Account as well as actual to budget comparisons.

Example of a Securities and GL Reconciliation Report for Credit Unions

Example of a Securities and GL Reconciliation Report for Credit Unions

You can find hundreds of additional examples here

Who Uses This Type of Report?

The typical users of this type of report are: Controllers and Accountants.

Other Reports Often Used in Conjunction with Securities and GL Reconciliation Reports

Progressive Accounting departments sometimes use several different Securities and GL Reconciliation Reports, along with profit & loss reports, balance sheets, cash flow statements, KPI reports, budget models, forecasts and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples