Method

The reporting harness

I use a controlled process to prepare and review finance reporting. You see how each figure connects to its source, and what is held for review.

The six steps
  1. Source snapshotI capture the source data used for the report. You see which source snapshot the reporting is based on.
  2. TransformationAgents prepare the data for reporting. You see the transformed data and how it is structured.
  3. ReconciliationI check that every entity ties to its source. You see the ties and any exceptions.
  4. Source-linked explanationI connect explanations to their source data. You can trace an explanation back to the relevant source.
  5. Exception ownerI assign each exception to an owner. You see who is responsible for resolving it.
  6. Publication gateI hold the report until every entity ties to its source row and I, as the named CPA, sign it. You see which figures cleared the gate for release and which are held.
Publication gate

No figure is released until every entity ties to its source row and the named CPA signs it. I can write this into the engagement letter as a clause. Mappings and the exception log stay in your own tenant.

Four-hands review
  • An agent prepares.
  • Reconciliation checks.
  • A CPA reviews.
  • The client signs.

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