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Accounting close management and collaboration platform
FloQast is an accounting close management platform that streamlines the monthly financial close process for accounting and finance teams, with capabilities spanning reconciliation management, close task tracking, flux analysis, and collaboration. Founded in 2013 by former Big Four auditors, FloQast addresses the accounting team's core pain point: managing the chaotic, deadline-driven close process with clear visibility and reduced errors. The platform's Close Checklist provides a real-time view of all close tasks across all team members with status, due dates, and reviewer assignments. Automated reconciliation matching connects GL balances to supporting schedules, flagging reconciling items for investigation. FloQast Flux Analysis compares current and prior period balances with automatic calculations of dollar and percentage changes, noting unusual movements for management review. Workflow automation handles routine close tasks and sends notifications when dependencies are met. Integration with NetSuite, Sage Intacct, QuickBooks, and other GL systems imports trial balance data automatically. The platform's collaboration features enable preparers and reviewers to communicate directly within tasks with full conversation history. While FloQast is primarily a close management tool rather than a dedicated revenue recognition platform, its reconciliation and workflow capabilities are central to revenue recognition close processes. Financial teams use FloQast alongside RevRec tools like Maxio or Zuora Revenue to manage the overall close workflow. FloQast has strong adoption among mid-market and enterprise companies across industries.