Peeriosity Insights: Recent Research Findings Summarized insights. To view detailed research results, contact us to inquire about membership.

Effectively Communicating Reconciling Items with Internal Customers

As companies transition work activities to Shared Services there is an increased need to define responsibilities clearly for activities where visibility to underlying detail is available remotely, and not in the Shared Service Center where the transactions are recorded.  This is particularly true for the Account Reconciliation process, where the reasons for reconciling items are […]


Posted in General Accounting

Methods to Convert Financial Statements to Local Statutory GAAP

For companies who are conducting business in multiple countries, defining processes globally, regionally, or locally is an ongoing opportunity to create efficiencies and take advantage of scale.  However, to meet legal and regulatory requirements, many financial statement processes require both a global view and one that complies with local statutory laws.  In this case, the […]


Posted in General Accounting

Managing the Fixed Asset Inventory Verification Process

The fixed asset inventory process is often steeped in tradition; following policies that have been in place for years, without regular review, and seldom, if ever, compared directly with the practices at leading peer companies.  However, because the process directly impacts every business unit, a periodic review of the existing fixed asset policy is always […]


Posted in General Accounting

Centralizing the Account Reconciliation Process

The past decade has seen an increased focus on ensuring the integrity of financial reports for all publicly traded companies.  As a result, more companies are creating detailed standardized procedures to ensure that account reconciliations are performed timely and accurately.  While centralizing may reduce the proximity to where the account transactions originate, a rigorous review […]


Posted in General Accounting

Streamlining the Intercompany Accounting Process

Intercompany Accounting – the recording and reconciliation of accounts payable and accounts receivable activities that take place between separate legal entities of the same company – is often ripe for simplification and improvement.  Puzzling in a way, since, unlike trade accounts payable or trade accounts receivable transactions, all the parties involved are ultimately employees of […]


Posted in General Accounting

Rethinking the Review Process for Manual JV’s

While there are many benefits to implementing integrated software systems and bolt-on technologies, significant performance improvements are often possible from a direct inspection and redesign of underlying work processes.  While it’s never a good idea to automate a bad process, it’s always a good idea to formally review process steps on a regular basis to […]


Posted in General Accounting

Centralizing the Accrual Process in Shared Services

The accrual process can be quite simple if a Purchase Order is used and a receipt is entered since the receipt will likely generate an accrual automatically.  However, if items are purchased that are not received, or purchased without a PO, everything gets a little more complicated.  In a Shared Services environment, providing flexibility for […]


Posted in General Accounting

Creating a Continuous Improvement Program for General Accounting

In the words of Meg Wheatley, renowned writer and consultant, “The things we fear most in organizations – fluctuations, disturbances, imbalances – are the primary source of creativity.” The best companies recognize the importance of continuous improvement in all processes, including General Accounting.  To be effective, continuous improvement must include both fixing processes that are […]


Posted in General Accounting

Making the Case for Materiality Thresholds in Intercompany Accounting

For many, Intercompany Accounting processes have improved dramatically over the past decade, with the introduction of large-scale accounting systems capable of booking all sides of a transaction for business units within the same legal entity, in multiple currencies, with highly automated processes for any remaining Intercompany Accounting transactions required for legal and tax purposes.  For […]


Posted in General Accounting

Real Experiences Implementing Blackline’s Account Reconciliation Software

A significant number of Peeriosity member companies utilize Blackline Systems’ Account Reconciliation software product to replace spreadsheets and improve the transparency, accuracy, and efficiency of the reconciliation process. While Peeriosity does not allow vendors to market their products, we do provide members with the opportunity to share their experiences regarding specific vendors, products, and services. […]


Posted in General Accounting
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