Record to Report

The Record-to-Report (R2R) process is a finance and accounting management process that involves collecting, processing, and presenting financial information in the form of documents that are used by management to perform analysis and review. The process is conducted in two distinct phases, with the first feeding into the second.

The Record to Report Process Cycle involves:

• Data Extraction
• Data Collection
• Data Validation
• Data Transformation (generation of voucher)
• Voucher Posting (to the general ledger)
• Storing Vouchers in De-Normalized and Compressed Format
• Generating Analysis Account Trial Balance
• Generating Financial And Management Reports