GAPPIFY PODCAST - E50

Demystifying Accruals: Insights from Audits

In this episode of #AccountingLifePodcast, host Jotham Ty is joined by guest Jason Dias, an experienced Audit Partner. We dive into the intricacies of accruals and how they are evaluated during audits. From understanding key audit procedures to exploring the evolving challenges of modern accounting systems, Jason provides practical insights and real-world examples.

Featured Podcast Topics:

00:00 – Introduction
00:24 – Exploring Accruals in Audits
04:57 – Evolution of Audit Practices
10:27 – Addressing Missed Accruals
17:53 – SaaS Trends and Closing Thoughts

"I love Gappify for its ability to put the month-end accrual process on autopilot. It reinforces the best practices around the procure-to-pay cycle, influencing good behavior and engagement with outside vendors and internal business partners. This helps support a very smooth accrual process and month-end close."

“By leveraging Gappify’s Accrual Cloud,we were able to automate these tedious, repetitive tasks and ultimately reduce our close timeline by 6 days.”

“In an era of new business models and changing accounting standards, accounting professionals need automation so that they can deliver fast, correct and smooth close processes. Gappify equips finance staff to keep pace with the speed of business, and enable finance transformation in an era of increasing complexity."

“Gappify is a cornerstone of our close management tech stack. They are pioneers in automated vendor accruals (which they execute perfectly!) and continue to add value through their innovative new features, including PO compliance monitoring and vendor spend insights."

About Gappify

Gappify, founded in 2016, is a cloud-based provider of accrual automation solutions for mid-market and enterprise accounting teams. The company is headquartered in New York City, with offices in Berkeley, California, Washington DC, and Manila, Philippines.

Its team consists of accountants and CPA’s from Big Four accounting firms and software innovators. Gappify is also supported by strategic advisors from some of the world’s most recognized technology companies and is affiliated with the top companies & accounting organizations.