REAL-TIME ACCOUNTING IN PRACTICE
OnBoard completes its close in half a day for three months in a row. It used to take twelve days. Jason Brownlee, SVP Accounting, and Julio Trigo, Director of Accounting, will share how a six-person team closes six subsidiaries in half a day, how Stacks helped them get there, and how accounting moved from being done at the end of the month to real time.
Free 45-minute live masterclass
Tuesday, October 13 at 4pm BST / 5pm CET
ABOUT THE MASTERCLASS
What you'll learn
Why accounting no longer has to wait for month-end
Gathering data, reconciling transactions, and preparing journals used to wait for the month-end. With connected data and agents carrying out the work every day of the month, accounting now moves with the business and helped OnBoard reduce its twelve-day close to half a day.
How a small team keeps the close current through the month
From calendar discipline to workflows, Jason and Julio will walk through how their team works on their close work in real time throughout the month and not at the end of it.
How OnBoard uses Stacks across the close:
Visibility. The close calendar gives one view of what’s done, what’s left, and who owns it across their subsidiaries.
Bank reconciliation. Stacks matches bank transactions automatically and generates journal entries.
Journal entries. Stacks loads journals prepared in Excel into NetSuite with one click and lets teams bulk-edit entries in Excel and push them back, including entries Stacks didn’t create.
Accruals. An accrual agent prepares the accruals in real time.
Payment Application. Stacks applies cash automatically across multiple entities and currencies.
What OnBoard will share
What a twelve-day close looked like for the team
Which workflows they moved first, and what it took
What they would tell a team starting this today
Live demo: How the close stopped being an event for OnBoard
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Your ERP stays the source of record
Stacks reads from your ERP and posts adjustments back, with no separate intercompany ledger holding a second copy of the data, and each entity's team keeps working its own books. Setup is confirming the intercompany accounts we detect.
AGENDA
The Agenda
Bloom & Wild: intercompany before Stacks
Where the close time went, how differences were found, and what had rolled forward by the time the auditors asked for support.
What the agents changed
How differences get caught as transactions post, and what a position that holds on any day does to the close calendar.
Live demo: the matrix, the differences, the adjustment
The matrix on live ERP data per intercompany account, suggested matches with the agent's reasoning, an FX component isolated, and the adjustment posted back.
Live Q&A with the Stacks team
Intercompany accounts, catch-all against per-pair account structures, multiple currencies, audit support, and who posts in whose books.
Save your seat
Who This Is For
Controllers, group controllers and heads of accounting at groups of entities across several currencies, where the reciprocal view is rebuilt in Excel each period, differences are chased over email, and the support gets reassembled for the auditors.
What You'll Walk Away With
What intercompany looks like when matching runs as transactions post, so the position is visible on any day of the period, what a per-account matrix catches that a net balance hides, and Bloom & Wild's account of the pain points behind their intercompany process and what they expect Stacks Intercompany to change for their business.
HOSTS
Your hosts
Sara Scott
Group Accounting Lead at Bloom & Wild
Owns intercompany across Bloom & Wild's multiple entities and currencies on NetSuite. Covers how the reciprocal view was assembled each period, what was still open at sign-off, and what she expects to change once matching runs continuously.
Freddie Higgs
GTM at Stacks
Demonstrates an intercompany position that holds on any day of the period: the matrix per entity pair and per account, why the agent proposed each match and what blocked an automatic one, and the adjustment posted back into the ERP.
Save your seat
See the matrix maintained per intercompany account, and hear from a finance team that has been running it every close.
