Credit Memos
Catch revenue recognized then quietly reversed shortly after period end.
- General ledger alone
- Key analysis in Revenue & receivables
How the result is read
A credit memo just after year end against an invoice just before it inflates the prior year invisibly. The reason code decides the period: a sale that was never valid at the balance-sheet date comes down in the year audited, anything that happened afterwards belongs to the next year. A blank reason on a period-end reversal is therefore an exception in itself — the classification cannot be made.
The worksheet, on the demo engagement
Credit Memos, as the application draws it for Harrow Precision Engineering Ltd, the fictional demo engagement — one row per credit memo in the window.
- Post-close reversals
- 3
- By R.Kahn
- 61%
- Blank reasons
- 2
Result grid4 rows
| memo_id | memo_date | orig_invoice_date | days after | amount | issued_by |
|---|---|---|---|---|---|
| CM-3120 | 2025-01-09 | 2024-12-30 | 10 | 1,840 | R.Kahn |
| CM-3122 | 2025-01-12 | 2024-12-28 | 15 | 960 | R.Kahn |
| CM-3098 | 2024-11-14 | 2024-11-02 | 12 | 220 | A.Lee |
| CM-3125 | 2025-02-01 | 2024-12-31 | 32 | 2,000 | R.Kahn |
In the application
Credit Memos is filed under Revenue & receivables, index letter C. "Run all analyses" runs it with every other analysis the ledger can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under C, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required