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ease
features
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support

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Description

To initiate a reconciliation, one should start by examining the closing balance of the General Ledger in comparison to the sub-ledger or other pertinent documents, which may include bank statements or third-party records. Any discrepancies identified between these sources must be thoroughly investigated, measured, and resolved whenever feasible by making the necessary adjusting entries in either the general ledger or sub-ledger. It is also essential to document any anomalies as reconciling items to maintain transparency throughout the process. Ultimately, the balances should align perfectly and be substantiated with all accompanying documentation linked to the reconciliation. The review process is crucial for confirming the completeness of the reconciliation, and incorporating an additional approval layer can enhance confidence in its accuracy. Moreover, establishing a robust framework along with a standardized process can significantly streamline and enhance the efficiency of the reconciliation process at the end of each month. This not only fosters consistency but also aids in identifying potential issues much earlier in the cycle.

Description

uiAgent is an advanced automation platform powered by AI, tailored specifically for accounting teams and firms, which integrates an intelligent assistant named Ava into existing accounting tools and workflows to enhance the efficiency of monotonous, detail-heavy tasks with remarkable precision. By allowing teams to retain their current systems and avoid the burden of learning new software, Ava operates within familiar ledgers, file structures, and processes to perform functions such as data extraction, account reconciliation, transaction matching, anomaly detection, speeding up the month-end closing procedures, and generating documentation that's ready for audits, all while preserving a comprehensive record of actions taken. This innovative solution transforms intricate accounting inquiries into user-friendly conversations, enabling users to pose questions about their financial data and obtain immediate insights without the hassle of navigating through spreadsheets. Additionally, it effortlessly connects with both contemporary and legacy systems, facilitating data extraction and automation for essential tasks like bank reconciliations, journal entry formation, fraud prevention, and various other critical workflows. As a result, accounting professionals can focus more on strategic decision-making rather than getting bogged down by time-consuming manual processes.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

RecWise

Founded

2017

Country

Australia

Website

www.recwise.com

Vendor Details

Company Name

uiAgent

Founded

2024

Country

United States

Website

uiagent.co

Product Features

Audit

Alerts / Notifications No 
Audit Planning No 
Compliance Management Yes 
Dashboard Yes 
Exceptions Management Yes 
Forms Management No 
Issue Management No 
Mobile Access No 
Multi-Year Planning No 
Risk Assessment Yes 
Workflow Management Yes 

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