This product overview synthesizes insights from 5 recent reviews to assess FloQast's capabilities across multiple dimensions. FloQast is primarily used by organizations to manage and streamline the month-end close process. A significant benefit highlighted by reviewers is its ability to save time during audit preparation, with 4 out of 5 reviewers noting this advantage. This time savings is attributed to auditors being able to independently access reconciliations and supporting documents, reducing back-and-forth communication. However, potential buyers should note that the reviews also indicate common integrations with NetSuite ERP and Microsoft Dynamics 365, with mixed sentiment expressed towards both platforms. While FloQast appears to streamline audit readiness and month-end closing, the overall value proposition depends on the existing software ecosystem and the specific needs of the organization.

Pros

Streamlines month-end close processes
Saves time in audit preparation by facilitating auditor self-service
Centralizes balance sheet reconciliations
Provides checklists for tracking progress
Facilitates auditor access to supporting documentation

Cons

Limited integrations beyond NetSuite ERP and Microsoft Dynamics 365
Mixed user sentiment towards commonly integrated ERP systems

FloQast provides several features designed to keep you audit-ready by saving time preparing PBC support, demonstrating internal software controls, and centralizing supporting documentation. How, if at all, have FloQast’s audit readiness tools affected your business?

From 5 reviews

Summary

This report analyzes 5 recent reviews to assess FloQast's impact on audit readiness. A majority of reviewers highlight that FloQast saves time in audit preparation (4 of 5 reviewers). Several also appreciate that FloQast facilitates auditor access to necessary documentation (3 of 5 reviewers). These two benefits appear related, as the time savings often stem from auditors being able to independently locate reconciliations and supporting documents within FloQast, reducing the need for back-and-forth communication and manual data transfer. This self-service access streamlines the audit process, according to reviewers.

Reviews

152 Reviews

We love FloQast

Rating: 9 out of 10

Incentivized

June 2, 2025

Use Cases and Deployment Scope

We use FloQast for our month close reconciliations and checklist. We are implementing it across our operating companies as well for them to use. It syncs with our ERP system and brings in the balances real time which then doesn't allow sign off on recs until the rec matches the balances (within a certain threshold we can set)

Pros

Real time sync with ERP
easy navigation on system
emails/alerts when balances don't match after sign offs

Cons

easier way to edit checklist in mass

Likelihood to Recommend

real time sync with ERP is huge pro, and alerts us if the balance changes after sign offs.
Keeps recs and checklist in one central place and shows us status of our operating companies during month close

Verified User

Manager in Finance and Accounting (51-200 employees)

Vetted Review

1 year of experience

2025 FloQast Review

Rating: 9 out of 10

Incentivized

June 2, 2025

Use Cases and Deployment Scope

We switched from Blackline to FloQast after struggling to get acceptance to using Blackline. We were looking for a couple of things, month end close tracking with signoffs, all reconciliations in a single location, tracking/progress updates and easy of use. FloQast met those for us. We changed due to Blackline not being as user friendly. FloQast was easy to use since our reconciliations were already in Microsoft Excel.

Pros

Ease of connecting an Excel reconciliation to the general ledger balance
Ease of connecting to our general ledger/multiple ERPs
Ease of setting up and updating checklists

Cons

The ability to cover multiple companies - For example we needed a work around to our intercompany general ledger accounts to balance. FloQast could not compare accounts across multiple companies
Connection to the subledger - There is not a connection directly to the fixed asset subledger to verify that the subledger balance equals the general ledger, indicating it is in balance and can be automatically signed off
Automated reconciliation process - we tried, but it was not granular enough to work accurately so we went back to a manual reconciliation - this is one item Blackline excelled at

Likelihood to Recommend

Connecting Excel reconciliations to the general ledger balance is very easy. All you need to do is an an anchor and it pulls in the reconciliation value to compare to the general ledger value. Sign offs are very easy also. The dashboard that shows status if very nice to see where you are and it allows you to drill in and look at the late or uncompleted reconciliations or checklist items. As stated earlier, the biggest drawback is handling multiple companies and intercompany. There is not a way to connect intercompany accounts across all companies and identify if you net to zero or not. We had to do some custom creation to make this happen.

Jeff Diedrich

VP, Controller in Finance and Accounting at Libra Solutions (501-1000 employees)

Vetted Review

2 years of experience

FloQast is great to minimize monthly close time.

Rating: 8 out of 10

Incentivized

March 12, 2025

Use Cases and Deployment Scope

We use FloQast to manage our monthly close process and also to track, manage and consolidate all of our world wide balance sheet recons. FloQast helps us stay on track of what is on schedule and what is needing attention to get to our timeline goal.

Pros

Manage Monthly Close Process
Reconcile bank accounts
Keep the team on track to meet our timeline goal.

Cons

Notifying us when a balance sheet changes
Updating real time when a task is completed
Keeping track of accounts that need attention .

Likelihood to Recommend

FloQast does a good job of managing the day to day closing process. Also excels on reconciliations and managing the lists of what needs to be done and who is on schedule and who is behind. It does not do as well on consolidation and adding multiple companies and currencies together.

Verified User

C-Level Executive in Finance and Accounting (501-1000 employees)

Vetted Review

2 years of experience

Great software!

Rating: 8 out of 10

Incentivized

March 10, 2025

Use Cases and Deployment Scope

We use FQ to help manage the close, recons, and other processes. FQ helps provide a checklist for close than makes sure no step is missed. It helps with the recon process. It also helps with SEC and regulatory reporting, listing all the required workbooks and evidencing review and approval of workbooks.

Pros

Reconcillations
Close Management
Project Management

Cons

The tags are a bit hard to remember when starting out
Recurring tasks that happen quarterly, but a month prior to QE, are not the easiest to setup.
Subledger mapping seems to be difficult to do.

Likelihood to Recommend

FQ works really well for recons, and it helps with close management. It does have some assumptions about how the process should work. For example, there isn't a very good way to mark an item as having comments open for the preparer to review. Additionally, tasks that are recurring, but not in QE are a bit hard to set up. Otherwise, the software works really well.

Ricky Hirschi, CPA

SEC Manager in Finance and Accounting at Axos (5001-10,000 employees)

Vetted Review

2 years of experience

Verified on LinkedIn

We love it!

Rating: 10 out of 10

Incentivized

March 10, 2025

Use Cases and Deployment Scope

We have 10 operating companies and it's been very difficult to track the status on everybody's month-end close. FloQast has been a huge help for us in this regard, because we can very easily go in and see how each company is progressing, and allows us real-time visibility into what roadblocks people are running into and how we can support them.

Pros

Month-end close - very easy to track the status
Organization - very easy to locate documents and reconciliations pertaining to a particular account
Preparer/Reviewer - very easy to tell who is assigned which tasks.

Cons

Honestly not much, I really enjoy using it and it's been a huge timesaver!

Likelihood to Recommend

Very good for managing month-end close, especially with multiple subsidiaries. Very helpful, especially with lots of team members across the country, in being able to track where everything is at, how each team member is progressing in their tasks, etc. Might not be as helpful for a small team, but even then I could still see it being beneficial.

Verified User

Professional in Finance and Accounting (501-1000 employees)

Vetted Review

1 year of experience

FloQast - The Superior Close Tool

Rating: 10 out of 10

October 3, 2024

Use Cases and Deployment Scope

We use FloQast to help with our close process. FloQast has assisted with controls, transparency & accuracy. We currently use FloQast to complete reconciliations and checklist items each month. The platform is easy to use, updates quickly and is overall an effective platform to help us reach our goals. Prior to implementing FloQast we completed our reconciliations in excel and spent a lot of time completing this task across all accounts each month. I credit FloQast with our team reaching a 4.5 day close.

Pros

Reconciliations
Sign Off Controls
Transparency
Customer Service

Cons

Quickly reviewing reconciliations without having to open a new window.

Likelihood to Recommend

It is clear that FloQast was created by accountants for accountants. The ease of use is excellent. It is great for keeping track of all your monthly checklist items, reconciliations and ongoing projects. We could use FloQast in more areas and I hope we do in the future.

Leslie Ann Cunnane, CPA

Senior Accountant in Finance and Accounting at Motus (201-500 employees)

Vetted Review

1 year of experience

View profile

FQ Review

Rating: 9 out of 10

Incentivized

June 4, 2024

Use Cases and Deployment Scope

My company uses FloQast to manage our close process. We use the checklists and reconciliation function. We assign items to users as preparers and reviewers. FloQast links to our accounting ERP and automatically updates they balances when refreshed. We also house our reconciliation schedules in FloQast allowing us to quickly tie out and sign off on account balances once reconciled. We also utilize the notes function.

Pros

the dashboard and UI is easy to use
It has good integration, for example it's compatible with slack for notifications
Quick notifications when an account goes out of balance.

Cons

Automatic refresh when looking at reconciliations. Currently we need to manually refresh each time
The notes function. When a note is unassigned it is automatically closed. We must reopen if we want to leave an open note
FloQast Remind used to be easily accessible from the FloQast site, but now it doesn't seem like I can access it from FloQast

Likelihood to Recommend

It is a great tool to centralize and manage the close process. Before my company used FloQast we were managing our close using excel spreadsheets. The whole team has visibility on the progress of checklist items, reconciliations, and open notes.
FloQast is not good at helping identify what is driving a variance in a reconciliation that is still a manual process.

Verified User

Administrator in Finance and Accounting (51-200 employees)

Vetted Review

2 years of experience

Significantly reduced our close time from 12-15 WDs to 4-5 WDs

Rating: 10 out of 10

Incentivized

June 4, 2024

Use Cases and Deployment Scope

FloQast helped us significantly reduce the number of days it took us to close the books. We started out just using the Close checklist and reconcilations and now multiple departments have built out checklists in the system to help streamline and track their recurring tasks and deliverables.

Pros

Automating reminders
Facilitates collaboration between different dept users
Easy to use flux analysis

Cons

Would like to see reminders or follow-up emails for open comments

Likelihood to Recommend

We were previously closing the books in 12-15 days. After using FQ for over just over 2 years, we now close the books in 4-5 days. We've created checklists for our expense AP team to work through, our FP&A team and also financial reporting team.

Verified User

Director in Finance and Accounting (201-500 employees)

Vetted Review

2 years of experience

FloQast User Review

Rating: 10 out of 10

May 27, 2024

Use Cases and Deployment Scope

It is the best tool for tracking reconciliations, tasks and flux analysis. FloQast helps to track your tasks and monthly reconciliations in a very easy and efficient manner. It also helps set deadlines on tasks which are time sensitive.It saves time and all reconciliation activity for multiple entities can be viewed in one place by management. I think reminder email for flux analysis is not sent even if someone is assigned to a particular task. Also, out-of-balance recons need to be notified to the owner in real time.

Pros

FloQast helps to track your tasks and monthly reconciliations in a very easy and efficient manner.
It also helps set deadlines on tasks which are time sensitive
It saves time and all reconciliation activity for multiple entities can be viewed in one place by management.

Cons

Reminder email for flux analysis is not sent even if someone is assigned to a particular task.
Out-of-balance recons need to be notified to the owner in real time.

Likelihood to Recommend

FloQast helps to drive the financial close activities in a very organized manner and also helps track the activities and responsible person in case of any delays. Any update in the on the Balance sheet reconciliation are notified regularly to the user and the same can be reconciled in timely manner.

Verified User

Analyst in Finance and Accounting (1001-5000 employees)

Vetted Review

3 years of experience

Great Reconciliation Software

Rating: 10 out of 10

Incentivized

May 23, 2024

Use Cases and Deployment Scope

We use FloQast to reconcile and sign off our GL's and to manage a checklist for all month end close tasks.

Pros

reconciliations
checklist

Cons

Easier access

Likelihood to Recommend

FloQast seamlessly connects to NetSuite and pulls all the required information to the portal. This helps with the reconciliation process and is effortless. Everytime there is a change, the people signing-off get notifications to update the GL's.

Verified User

Manager in Finance and Accounting (501-1000 employees)

Vetted Review

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