Record to report or R2R is a Finance and Accounting (F&A) management process which involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. It also covers the steps involved in preparing and reporting the overall accounts which are typically stored in a general or nominal ledger and managed by a Comptroller. The detailed steps involved are:data extraction data collection data validation data transformation voucher posting storing vouchers in de-normalized and compressed format generating analysis account trial balance or consolidated analysis account trial balance generating user-defined financial and management reports