Balance Sheet Opening Balance Roll Forward

Opening Balance Roll Forward Balance Sheet Reports to Streamline the Year-end Close Process How can Reconciliation Reports Drive Faster and Better Decisions? As Controllers increasingly become key innovators in the Month-end and Year-end Close Processes, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Reconciliation Reports like the Opening Balance Roll Forward Balance Sheet Report template shown below enables them and users from the accounting and FP&A teams to experience near real time balance checks and controls that help drive faster and better closes. Who uses Opening Balance Roll Forward Balance Sheet Reports and What are Some Key Analytical Features? In today’s fast-paced business environment, Controllers are under high pressure to supply end users like accountants and reporting managers with timely and concise Reconciliation Reports. Companies use key features like the ones below to support their users with effective analysis that helps drive more accurate data and a quicker close:

• Columns for Prior Year Actual, Prior Year Opening Balance (OBA), Prior Year OBA + Current Period Actual, and Current Year OBA
• Calculated column that automatically shows if there is any Difference in Prior Year OBA + Actual balances versus Current Year OBA
• Grand total that summarizes all potential differences