{"version":"0.2.0","built_at":"2026-10-10T20:58:14.188Z","license":"CC BY 4.0 © Mike Reams","canonical":"https://catalog.mikereams.com","value_stream":{"id":"VS-70","name":"Record-to-Report","industries":["cross-industry"],"description":"From a business event that has a financial consequence to a set of statements the board, auditors and regulators can rely on — the stream behind every month-end close and every question about why the numbers moved.","outcome":"Financial statements for the period are closed, reconciled, controlled and published to the people who need them.","trigger":"The accounting period ends, or an event occurs that must be recorded in the books.","aliases":["Close-to-Report","Financial Close","Account-to-Report"],"stages":[{"id":"VS-70.10","order":1,"name":"Capture Transactions","description":"Record every transaction from the sub-ledgers and operational systems against the right account, entity and period.","capability_ids":["BC-210.10","BC-250.40","BC-260.10","BC-210.20"]},{"id":"VS-70.20","order":2,"name":"Reconcile & Adjust","description":"Prove the ledger agrees with the bank, the sub-ledgers and the intercompany partners, and post what is missing.","capability_ids":["BC-210.10","BC-210.30","BC-230.40"]},{"id":"VS-70.30","order":3,"name":"Close the Period","description":"Run the close checklist, lock the period and consolidate the entities into one set of numbers.","capability_ids":["BC-210.10","BC-210.30","BC-240.50"]},{"id":"VS-70.40","order":4,"name":"Analyze & Explain","description":"Compare actuals with budget and forecast, and explain the variances before someone senior asks.","capability_ids":["BC-220.30","BC-220.40","BC-220.20"]},{"id":"VS-70.50","order":5,"name":"Report & Disclose","description":"Produce the statutory, management and regulatory reports, with the disclosures each audience requires.","capability_ids":["BC-210.40","BC-270.10","BC-240.20"]},{"id":"VS-70.60","order":6,"name":"Assure Controls","description":"Evidence that the controls over the close operated, and remediate what the auditors find.","capability_ids":["BC-210.50","BC-160.40","BC-160.30"]}]}}