smart accounting whitE PAper

executive summary

PivotEQ offers an advanced solution for managing the accounting lifecycle of corporate credit card transactions—especially those not submitted on expense reports before monthly statement deadlines. By automating accruals and corrections for unmatched transactions, PivotEQ ensures timely and accurate financial reporting. 

30,000 Foot View

At the heart of the solution is the PivotEQ Card Program Dashboard, which provides real-time visibility into transaction status. For Current Statements, PivotEQ generates accrual entries to reconcile transactions not yet accounted for. As these transactions are later submitted via expense reports, correcting entries remove any duplicate accounting created by the original accruals.

About Smart Accounting

A standout feature is Smart Accounting, PivotEQ’s proprietary AI-driven system that accurately predicts account codes for unmatched transactions. This eliminates the guesswork and manual effort required by traditional bookkeeping methods, which often rely on broad default accounts or estimates. Smart Accounting improves over time, increasing automation and accounting precision.

PivotEQ integrates seamlessly with ERP systems via two methods:

• Direct Connects for real-time journal entry creation (e.g., QuickBooks, Microsoft Dynamics 365)
• File-Based Integration for compatibility with over 200 ERP platforms

Overall, PivotEQ delivers unmatched control and accuracy over credit card transaction accounting. It reduces manual workload, improves data quality, and equips organizations with reliable financial insights for reporting and planning.