Overview
What is FloQast?
FloQast offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.
Excellent user-friendly tool to help with Close and reconciliation Process
Accountant's Best Friend during Month End Close
FloQast - best in class
FloQast is the Month End Hero!
A game changer for the Accounting close process.
Amazing Tracking Tool
FloQast = Easier financial Close and team management!
Great month-end software with excellent customer service and and an ever evolving product offering.
Highly innovative and user friendly tool to manage your checklists and account reconciliations for period close activities.
Great MEC tool and standard workflow tool
The best!
Great addition to any Accounting team's tool belt
Great month end task tracker
Floqast is a simple yet effective close management tool for the ages
How FloQast Differs From Its Competitors
Automation
Audit Readiness
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We aren't there yet but ideally the auditor feature will allow us to grant auditors access to pull files directly from our close tool rather than having our …
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One of the simplest features on the face of it, the document roll-forward, is also one of the most powerful - it removes the tedium of endless creating new …
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Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Customizable Workflows (93)9.494%
- Detailed Audit Trails (78)9.090%
- Financial data consolidation (67)9.090%
- Journal entries and reports (52)8.181%
Reviewer Pros & Cons
Pricing
What is FloQast?
FloQast offers their financial close software to streamline accounting month end close, simply providing automation around reconciliation and eliminating human error, and visibility via a close status dashboard, as well as providing a complete audit trail.
Entry-level set up fee?
- Setup fee required
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9Financial data consolidation(67) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 8.1Journal entries and reports(52) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 7.3Multi-currency management(37) Ratings
Ability to handle foreign currency conversions during consolidation.
- 9Detailed Audit Trails(78) Ratings
Tracing changes to data and processes that were run.
- 9.4Customizable Workflows(93) Ratings
The ability to adapt the software to complete tasks in a particular order according to business needs.
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is FloQast?
FloQast Features
- Supported: Transforms Excel monthly close checklists into a cloud-based collaboration tool
- Supported: Works with the user's general ledger and Excel workbooks to link them dynamically
FloQast Screenshots
FloQast Integrations
FloQast Competitors
FloQast Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Supported Languages | English |
FloQast Downloadables
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(206)Attribute Ratings
- 9.1Likelihood to Renew5 ratings
- 9.1Availability2 ratings
- 9.1Performance2 ratings
- 9.2Usability5 ratings
- 10Support Rating9 ratings
- 8Online Training2 ratings
- 9.1In-Person Training2 ratings
- 9.1Implementation Rating3 ratings
- 8.6Configurability2 ratings
- 8.6Product Scalability2 ratings
- 9.1Ease of integration2 ratings
- 9.1Vendor pre-sale2 ratings
- 9.1Vendor post-sale2 ratings
Reviews
(1-2 of 2)I'm spoiled now - can't go back to life without FloQast
- FloQast makes it easy to assign each and every balance sheet account to an individual for reconciliation each month, with another person for review. Deadlines are assigned, and it is simple to track and follow up. No more having things "fall through the cracks" or be accidentally forgotten.
- Document storage occurs simply with FloQast. It is so easy to attach any documentation related to reconciliation or tasks. This makes finding everything you need for an audit request so simple!
- Anytime changes need to be made to assignments or new accounts need to be added to the monthly reconciliation list, it is incredibly easy for the account administrator to make the changes. These tasks are not cumbersome at all.
- The process of getting the monthly trial balance ready for the flux analysis could be improved. Right now, that is cumbersome. It may be because we use QB Desktop
- The home page is still a little overwhelming to look at when one has a lot of entities. But FloQast is continually making upgrades and changes, so I expect this will continue to improve
- The way FloQast organizes the Close and keeps track need to happen and then when they DID happen
- Storing all documentation pertaining to account reconciliations in one place
- The ability to communicate with team members through notes and the storage of those notes for historical purposes
- Checklists - Close and Non-Close
- Flux Analysis
- Financial data consolidation
- 100%10.0
- Journal entries and reports
- 90%9.0
- Multi-currency management
- 80%8.0
- Detailed Audit Trails
- 100%10.0
- Reconciliation Automation
- 100%10.0
- Close Checklist
- 100%10.0
- Customizable Workflows
- 100%10.0
- We look more professional and competent with FloQast
- Clients can visually see how the close is going by looking at the analytics in FloQast
- We use FloQast Reminders to communicate automatic reminders to clients, and this increases trust in our ability to get things done without fail
- BILL and DivvyHQ
- Audit prep for each client
- Close and non-close checklists
- We love that we are audit ready every month
- The notes are a great communication tool
- We'd like to see the Flux Analysis interface improved so it can be used more effectively
- Price
- Product Features
- Product Usability
- Don't know
- Implementation occured before I started with the company
- Online Training
- In-Person Training
- Tracking the entire team's progress during the month end close
- Tying out reconciliations to the general ledger
- Creating checklists
- Adding or deleting reconciliations as needed
- Pulling in the monthly information for the Flux Analysis
- QuickBooks Online
- QuickBooks Desktop
- File import/export
- We haven't upgraded. I believe we started on a fairly current version.
- FloQast in constantly putting out little tweaks and upgrades. So, I'm always expecting good things and surprises that I didn't see coming! They never think of the product as complete.
FloQast has provided great value
- Very easy to launch
- Configurable by regular accountant users. No need for specialists
- While very easy to implement and maintain, they have resources dedicated to helping you implement and then maintain / expand utilization.
- Ability to index reconciliations and supporting documents with hyperlinks within the documents.
- Administration changes directly in the reconciliations.
- Financial data consolidation
- 100%10.0
- Multi-currency management
- 100%10.0
- Detailed Audit Trails
- 100%10.0
- Close Checklist
- 100%10.0
- Customizable Workflows
- 100%10.0
- Provides maximum visibility into all team member status
- tracts changes made in TB after reconciliations have been completed
- centralized documentation
- comparison to TB
- visibility of status
- other none close related workflows such as payroll and tax
- autorec
- Price
- Product Features
- Product Usability
- Product Reputation
- Implemented in-house
- Implementation was so easy and very well supported by FloQast
- Online Training
- In-Person Training
- No Training
- In reconcliation admin editing.
- not found any
- no
- no
- File import/export
- n/a
- n/a