Subsequent Receipts
Test the year-end receivables by the cash received against them after year end.
- Ledger + 2 client documents
- Key analysis in Revenue & receivables
How the result is read
Cash received after year end against an invoice open at year end shows the receivable existed and was recoverable. It is the alternative procedure behind every unanswered confirmation, and often better evidence than the confirmation itself. What remains uncollected when the receipts listing stops is the residue: material items need another procedure, recent ones raise existence, old ones raise the allowance.
In the application
Subsequent Receipts is filed under Revenue & receivables, index letter C. "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 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