If you’ve ever spent hours chasing down coding mistakes or dealing with endless journal entries, you know how frustrating and time-consuming traditional accounting can be. Mistakes happen—an invoice gets coded to the wrong month, a receipt goes to the wrong expense account, or you discover a $50 charge buried somewhere it shouldn’t be. Typically, you’d have to create a reclass entry (or several of them), reverse it if it’s wrong, chase down approvals, and finally get your books straightened out, weeks after the fact.
What if you could do away with that hassle entirely?
In this post, we’re going to explore how Inn-Flow takes the pain out of fixing errors by letting you make corrections right on the spot—no more waiting until month-end, no more reclass nightmares.
Traditional Reclass vs. Inn-Flow’s Real-Time Fix
Traditional Approach
- Discover a mistake weeks later, possibly during month-end close.
- Create a reclass entry to correct it.
- If the reclass entry has an error, reverse it and do it all over again.
- Document everything in notes, spreadsheets, or emails, hoping nothing gets missed.
- Cross your fingers that it’s all resolved before the next set of financials.
Inn-Flow’s Real-Time Correction
- See an incorrect charge or category.
- Click on it in the platform, change the code, and save.
- Done. Inn-Flow automatically updates the original entry and your reports.
Instead of endless back-and-forth, Inn-Flow eliminates the tangle of traditional processes by letting you fix errors at the source.
Why Real-Time Corrections Matter
- Time Savings
- Real-time accounting corrections mean you don’t have to wait until the end of the month to make changes. Click, fix, and move on.
- Cleaner Financials
- When you adopt live accounting corrections, your financial statements remain accurate all month long.
- Less Stress
- No more scrambling with a backlog of errors during your close process. Immediate accounting fixes keep you calm and your books correct.
- Role-Based Permissions
- Make sure only the right people have the ability to update entries in real-time, ensuring both security and efficiency.
Say Goodbye to the Laundry List of Changes
Historically, you might have kept a running list of items to fix—maybe on sticky notes, in email threads, or on a spreadsheet. Then, once a week (or month), you’d go in and make all those changes in your accounting system at once. This approach is not only tedious but also error-prone. It can lead to confusion over which changes were made when, or who’s responsible for a specific update.
With Inn-Flow, you can ditch the sticky notes. “If you spot something coded to the wrong month or expense account, you just drill in and fix it,” says Kelsey Higginbotham, VP of Client Services at Inn-Flow. It’s a simple point-and-click process that takes seconds, not days.
Fewer Journal Entries with Real-Time Reclassification
Traditional accounting often requires separate reclass entries for each error, plus reversals for any mistakes in those reclasses. With real-time reclassification, you make the correction directly in the platform—no endless series of journal entries. By cutting down on repetitive fixes, you free yourself and your team to focus on analysis, strategy, and growth.
Smooth Month-End Close
When corrections happen as soon as errors are discovered, there’s less last-minute chaos and fewer reclasses to worry about. Your books stay accurate, and your financial reports are ready sooner. It’s a win-win: less stress for your accounting team and more reliable data for your leadership.
The Bottom Line
At its core, Inn-Flow’s real-time correction feature is all about simplicity. You see a mistake, you fix it, and you move on with your day. Everything from your budget variance reports to your P&L statements stays in sync, and you maintain a clear, accurate picture of your financial health.
Ready to put an end to month-end chaos and endless reclasses?
