Register Exceptions
List the register entries that cannot be right as they stand, and the charges that contradict them.
- Ledger + fixed-asset register
How the result is read
Read every held asset against its own life: when it went into service, when its life ends, and what the ledger charged it this year. A charge after the life ended is depreciation beyond cost; a line with no cost or no life cannot be recalculated at all; an asset in service only after year end is not yet available for use. Fully depreciated assets still held are lawful and common, so they close the list as a watch item rather than an exception.
In the application
Register Exceptions is filed under Fixed assets & leases, index letter F. "Run all analyses" runs it with every other analysis the ledger and the documents loaded 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 F, 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