Intelligent AR software for auditors

Lead Schedule

Start the receivables review with current and prior-year balances in one schedule.

Bring the receivables balances under review into a dedicated lead schedule. Compare periods, assess the overall movement and move into the supporting analysis to understand the composition of the balance.

Variance Analysis & Customer Drill-Down

Identify the customers and transactions behind year-on-year movements.

Compare current and prior-year receivables and sales to understand what has changed. Review customers by balance or sales, see movements in both amount and percentage, and examine customer sales trends alongside key analytical indicators.

Use the customer-level detail to investigate significant movements and develop explanations supported by the underlying data.

AR Data Preparation

Upload the source listings and configure the ageing analysis before starting your review.

Bring current-year and subsequent-period receivables listings into the same preparation workflow. Review the imported invoice data, set the financial year end and define the ageing bands required for the engagement.

Subsequent Payment Tracking

See what has been collected after year-end and what remains outstanding.

Review year-end receivables alongside subsequent-period information to assess settlement after the reporting date. Compare balances by customer and ageing band, move between subsequent periods and identify amounts requiring further investigation or supporting evidence.

Complete AR Ageing Analysis

Build and review ageing schedules using the periods your engagement requires.

Set the financial year end and define your ageing buckets, then generate ageing analysis from the uploaded receivables listings. Review both current-year and subsequent-period data, from individual invoice details through to customer summaries and total receivables.

ECL & Multi-Year Provision Analysis

Review credit-loss allowances by ageing band and compare them across years.

Examine gross receivables, allowances for credit losses, balances after allowance and default rates in one analysis. Use the multi-year provision matrix to compare selected years side by side and review how allowance amounts and rates differ across ageing bands.

The analysis brings the figures together for the auditor’s assessment; the auditor remains responsible for evaluating the assumptions and conclusion.

Automated Confirmation

Manage the confirmation process from initial preparation to final response.

Send selected companies to the client portal to complete customer contact details and review the figures being confirmed. Verify the returned details before issuing confirmations, then monitor customer replies, exceptions and outstanding requests from the auditor’s confirmation schedule.

Customers can confirm that their records agree or raise an exception against an individual figure. The form covers amounts due from and due to the customer, together with sales, purchases and other transaction totals.

When a customer reports a difference, they can provide their amount, explain the discrepancy and attach supporting documents for review.

Client Portal & Exception Handling

Collect contact details, resolve differences and keep supporting evidence attached to the confirmation.

Give the client a dedicated place to prepare confirmation information and respond to items requiring action. The client can complete customer contact details, review the recorded figures, propose amendments and provide explanations and documents for the auditor.

Alternative Procedures

Document further audit work when a confirmation remains unanswered.

Move non-responses into a structured workpaper covering invoice details, subsequent receipts and supporting delivery evidence. Review the remaining balance, verify the work performed line by line and record the conclusion against the original confirmation.

Audit Documentation & Activity History

Keep the confirmation record, supporting files and review history together.

Add auditor notes and documents to individual confirmation records. Review the activity timeline and retain client explanations, customer responses and exception decisions alongside the final outcome.

Materiality Reference

Keep engagement thresholds visible during the receivables review.

Refer to overall materiality, performance materiality and the clearly trivial threshold alongside the receivables analysis when considering which balances and movements require attention.