FloQast Reviews & Product Details

FloQast helps us keep our accounting tasks organized and makes them easy to review. I also like that it lets us set due dates, which helps ensure our team stays on track and on task. Review collected by and hosted on G2.com.

There isn’t much I dislike about FloQast; it really is amazing. If I had to call out one thing, it would be that we seem to run into bugs almost monthly. For example, we’ll sometimes get an error when we try to refresh a page. Review collected by and hosted on G2.com.

I find it easy to reconcile balance sheet accounts in FloQast. It pulls live data from our ERP, and preparers and reviewers can sign off on reconciliations. I like that I can add checklist items or remove them and switch assignees easily. The checklist items provide proof of controls, which auditors love, and I can link support directly in FloQast. The variance analysis pulls in live GL data, shows which vendors and customers are driving changes between periods, and lets account owners prepare flux analysis when they sign off on reconciliations, instead of running reports out of our ERP. FloQast AI agents are easy to set up and help prepare some balance sheet reconciliations, cutting hours of manual work from our month-end close. FloQast also helped with implementing the agents. It integrates with Google Suite and Sage Intacct, and the initial setup was very easy. Review collected by and hosted on G2.com.

FloQast support doesn’t always have the answers I need right away, and things often have bugs when they’re rolled out. For example, after a refresh, variance analysis can pull incomplete data from the GL, so the numbers I’m trying to explain don’t make sense. Review collected by and hosted on G2.com.

I love FloQast’s interface. It’s super intuitive, easy to use, and very modern. They keep enhancing it and adding features we ask for, and they’ve taken a lot of our feedback into account when developing new releases and functionality. I also appreciate that their support staff are CPAs and understand the day-to-day accounting problems and the pressure to get things done faster and use AI. FloQast makes our month-end close more automated, cuts down the time, and improves accuracy, efficiency, and communication across the team. AI matching helps us reconcile banks and post cash faster, and AI explanations speed up our month-end and quarter-end flux and variance analysis. I also like using AI agents to build and automate processes. FloQast integrates seamlessly with NetSuite and updates our ERP in real time, and the tool is fast. The implementation was the fastest and easiest software implementation we’ve ever done. They guided us through it, and we implemented all the modules within six months with a very small team. It was easy and quick, with no surprises, and it functioned as they told us it would. Initial setup was very easy too: we gave them our current checklist, answered a couple of questions, and had the month-end close checklist up and running within a few weeks. Review collected by and hosted on G2.com.

I’d like more AI features in the variance and flux explanations, including quarter-over-quarter and year-over-year comparisons, not just month over month. I’d also like AI matching for banking journal entries to handle intercompany advanced journal entries for complicated intercompany cash and bank transfers. Review collected by and hosted on G2.com.

I like the integration with NetSuite and the ability to automatically pull in the reconciliation balance. The sign-off process is straightforward, and I also appreciate having the option to set a fixed balance when needed. Overall, the UI is clear and very easy to follow. Review collected by and hosted on G2.com.

Because our files are stored in OneDrive cloud folders that everyone can access, an accidental deletion once caused some trouble. However, since we started making daily backups of the files, it’s no longer a concern. Review collected by and hosted on G2.com.

I like how FloQast makes reconciliation and the accounting process less manual. I can collaborate with other people on flux explanations at the same time, and we can sign off on tasks with evidence for audit purposes. I also like that the FloQast agent sends emails regularly, so I’m less likely to forget to send them and don’t have to send them manually. The NetSuite integration pulls numbers into FloQast, which saves me from entering them manually and helps avoid errors. I also like the Google Drive file syncing. Setup was pretty easy once I had single sign-on through Okta and the right access. Review collected by and hosted on G2.com.

I found FloQast Reporting’s AI variance analysis frustrating because it was so different from the variance analysis we use in FloQast Close Management. It only allows one person, or the same set of people, to prepare and review, but we want different people for different accounts, so it didn’t go well. Cost and budget are also a concern. Review collected by and hosted on G2.com.

I like that FloQast automates matching between NetSuite and bank accounts and makes reconciliations easy. The Journal Entry feature automatically creates journals and sends them for approval after I review them. For repetitive entries, I just set a rule instead of manually creating CSV files and uploading them to NetSuite. The initial setup wasn’t too much work, and I got lots of support from the team. Review collected by and hosted on G2.com.

I find that FloQast’s matching module doesn’t pull bank references for all my bank accounts from Cobase, so I have to manually upload CSV bank statements for some accounts. FloQast said this would have to be an enhancement request and couldn’t be fixed at this point. Review collected by and hosted on G2.com.

I like having one place in FloQast to track close tasks and stay on schedule. FloQast Transform is my favorite feature. I can create AI agents that speed up reconciliation rollforwards, reduce the time I spend rolling files forward, and support auditability. Review collected by and hosted on G2.com.

Sometimes I run into delays or glitches when NetSuite data feeds into the reconciliations page. Review collected by and hosted on G2.com.

The audit trails and unified month-end checklists are my top picks. Every reconciliation action and attached file carries a timestamp, fully compliant with German financial audit standards. The dashboard displays live task progress, shared lists let our finance team comment directly on work items, cutting down repetitive emails and missed deadlines drastically. Review collected by and hosted on G2.com.

Report customization options are too few, can’t adjust layouts to match local German audit forms. Bulk editing reconciliations runs sluggishly. It lacks native connection to our internal file server, so I manually upload all supporting documents monthly. Also, adjusting settings to meet local finance rules took lots of repeated edits during setup. Review collected by and hosted on G2.com.

The reminders help me stay on track. The check lists and reconciliations lists help me to stay on target for what my tasks are for the month. The auto-rec is great and saves a lot of time. Review collected by and hosted on G2.com.

The auto-rec requires some set up and training to learn how to use, but this is normal with any new system. Customer support is very helpful in the training process. The auto-rec matching saves a ton of time. Review collected by and hosted on G2.com.

FloQast brings an organized business closure, where it demonstrates high visibility on operations that are successful

The program has a quick and intuitive onboarding, and this makes the whole business functions efficient

The app automatically identifies and flag changes, and this includes entries that needs some reconciliation

FloQast has a brilliant ERP integration, and this makes it work successfully with Microsoft Dynamics, NetSuite, among others

The software has successfully included an audit ready support, and this includes tracking all the compliance issues

The automation features is something else FloQast has largely supported, including email reminders and flux analysis Review collected by and hosted on G2.com.

The implementation expenses are significantly high, and small teams find the tool as a giant

The performance capabilities, more so during the end month time are slow and inefficient Review collected by and hosted on G2.com.