What do the Report data types mean?

Some of the data Scrutinize analyzes is similar to reports you may run in your client's ledger software. These reports can be helpful to identify underlying issues from a higher level view than the transaction-based analysis of the Transaction Flag and Insights data.

Accounts Payable (AP) Aging

Outstanding accounts payable older than a specific number of days. Default is 30 days. The longer an amount is outstanding the more likely it signals a cash flow issue or misapplied vendor payment.

Accounts Receivable (AR) Aging

Outstanding accounts receivable older than a specific number of days. Default is 30 days. The longer an amount is outstanding the more likely it signals a collections issue or misapplied customer receipt.

Balance Sheet Variance

This report is a Balance Sheet variance (flux) analysis for each monthly period in the report as compared to the most recent month prior. Large variances can often signal inaccurate accruals or transaction coding. Thresholds can be set during the report creation so that accounts with variance outside the acceptable limit are flagged.

Profit & Loss Variance

This report is a Profit & Loss variance (flux) analysis for each monthly period in the report as compared to the most recent month prior. Large variances can often signal inaccurate accruals or transaction coding. Thresholds can be set during the report creation so that accounts with variance outside the acceptable limit are flagged.