How does Scrutinize work?

Scrutinize is a software solution that comprehensively analyzes bookkeeping data by using a proprietary set of algorithms to uncover important patterns in the data. This analysis is a critical component in effectively running month-end review processes, scoping new engagements, and uncovering training gaps on your team.

First, the system ingests the ledger data through API or Excel-based file uploads. The software then analyzes each transaction, looking for patterns or anomalies that may indicate an issue or opportunity for improvement. Scrutinize also examines aspects of the financial data such as transaction volumes, customer and vendor usage, chart of accounts usage, and user activity patterns. 

The data is then reviewed step by step in a workflow that guides users through each section of the findings and allows them to fix any issues in the ledger data right inside Scrutinize.

This workflow can be customized to fit the user's specific needs and preferences, ensuring that they don't miss any critical details. This is particularly useful for collaborating with teams to review the data, track progress, and assign tasks to specific team members.

Scrutinize offers accountants a powerful tool for analyzing and optimizing their clients' bookkeeping processes. By using Scrutinize, bookkeepers can ensure that they deliver accurate and reliable financial statements, prevent compliance issues, improve financial reporting, and build trust with their clients.