The Rivane finance blog on close, controls and compliance
312 articles and guides on the financial close, reconciliation, revenue, tax and e-invoicing. Page 1 of 13.
Fix a wrong vendor bill in the month you find it.
When a vendor bill is wrong, should we void it, delete it, or enter a vendor credit, and what changes if the month is already closed? Current guides say to…
Where should your capitalization threshold sit before the first audit?
What capitalization threshold should we set before our first audit, and does it have to match the IRS de minimis safe harbor? US GAAP sets no figure, and…
Know how your auditor will pick invoices before the request arrives.
How will our auditor choose which invoices and payments to test, and what do we need ready for each one? Current guides list the steps, confirm the population…
How do you build a first cash flow statement your auditor can follow?
How do we prepare our first cash flow statement from the general ledger so it holds up in the audit? Current guides explain the indirect method, net income…
Recurring journals can run on their own and still pass review.
How do we set up recurring journal entries so they do not post twice, slip off month end, or land in a closed period? Current answers list the parts of a good…
Should departments live in the chart of accounts or in a dimension?
Should a growing company add more GL accounts or use dimensions like department and location? Current answers say dimensions and show the multiplication, but…
Build the expected column before you run the flux.
Should month end flux analysis compare against last month, the same month last year, or the budget? Current answers say to run all three and pair a percentage…
A journal approval threshold needs a rule for the controller’s own entries.
Should every manual journal entry need approval, or only those above a threshold? Current answers give an example number, 50,000 or 100,000 dollars, without…
Why do two companies in the same group disagree about what they owe each other?
Why don’t our intercompany balances match? Most current answers list the usual causes, timing, currency and missing entries, and stop there. We built one…
Count the emails before you switch dunning on.
When we switch on automated dunning, what happens to invoices that are already overdue? Current guides give a cadence for a single late invoice: a reminder at…
If two bank lines share an amount, let the reference decide.
What date range should we set for bank reconciliation auto-matching? Current answers give a number: three days in NetSuite’s built in rule, or five days for…
Two numbers decide which supplier invoices your team never sees.
What price and quantity tolerance should we set for invoice matching? The current answers agree there is no single right number, and the best of them say to…
How should we measure the 20 percent we did not buy?
When a group buys 80 percent of a company under IFRS, paragraph 19 of IFRS 3 lets it measure the other 20 percent at fair value or at its proportionate share…
The setup fee that can outlast its first contract.
How do you recognize revenue on a SaaS implementation fee under ASC 606? Many current answers say implementation is typically a separate performance…
If a twelve month subscription starts on the 15th, count the days.
How do you amortize an annual software subscription that starts in the middle of a month? Current guides say to prorate the first month by days, and one sample…
Payday lands in January, and December still owes the wages.
How do you accrue payroll at year end when the pay date falls in January? Most answers give the same formula: daily payroll cost times the unpaid days, plus an…
Choose a depreciation convention that holds up in a heavy fourth quarter.
Which depreciation convention should the books use: full month, mid month, mid quarter or half year? Most answers define the four and stop, and the half year…
Which of the ten balance types is your cash position reading?
Somebody compares the cash figure in the ledger with the figure on the bank portal and the two disagree. Every answer you can find explains the same list…
Fifteen months is enough time to sort the tariff codes that split.
The eighth edition of the Harmonized System enters into force on 1 January 2028, and the World Customs Organization has already published both the amendments…
If you reopen a closed month, the ledger should still know it was closed.
September closed on the fourth working day. In the middle of the October close somebody finds that a batch of September invoices was cut off a day late. Every…
One payment, twelve invoices, and the list that has to travel with it.
A customer sends one ACH credit for 340,812 dollars. It covers twelve open invoices, it matches none of them, and the remittance advice is in somebody’s inbox…
How much of your first audited year is already sitting in deferred revenue?
A software company heading into its first audit usually prepares the deferred revenue rollforward for the year under audit. The balance that decides whether…
A journal entry becomes audit evidence the moment somebody keys it.
ISA 240 (Revised) is effective for audits of financial statements for periods beginning on or after 15 December 2026, which for a calendar year company is the…
Get four fields ready before California taxes your software in 2027.
California signed SB 122 on 29 June 2026 and Colorado signed HB 26-1223 on 4 June 2026. From 1 January 2027 both states tax prewritten software however it is…