roll-forward

Automate roll-forward schedule creation by processing account activities and General Ledger (GL) balances through script-based calculations. This automatically generates schedules for balance-sheet accounts, simplifying month-end close packages and audit workflows.

A roll-forward schedule is a financial report tracking changes in balance-sheet account balances over a period. It is needed for financial reporting and audit support to verify that beginning balances, account activities, and ending balances accurately tie to the General Ledger.

Yes, you can generate roll-forward schedules for an entire account group. The Skill processes account activities and GL balances for specified groups, such as the 'Assets' account group, to automatically produce the required financial reporting schedules.

Roll-forward schedules tie out to General Ledger balances by ensuring each line of the schedule maps directly to a GL query or document. The Skill performs GL tie-offs to verify the schedule is balanced and identifies any unexplained items.

If a balance-sheet roll-forward schedule does not balance, the output verification feature identifies unexplained items. This highlights discrepancies between the schedule and GL balances so financial analysts can resolve them during the month-end close.

Yes, querying GL data is required before generating a roll-forward schedule. The Skill relies on accessing GL balances and account activities to execute the script-based calculations necessary for accurate schedule generation and GL tie-offs.