General FAQs
Do you have the capability to provide white label (branding) with your data book links & functionalities in our firm-specific software for tracking & processing deals (i.e., integration with Smartsheet)?
No - that is not a functionality we offer at this stage - however we have customers that build macros on top of our databook to align it with their required / standard format.
How long do API connections with ERPs and banks last? Are there any that are indefinite or perpetual?
It varies by ERP system - many are indefinite (perpetual). It also varies by bank - many banks sever API connections after 90 days
Let’s discuss your specific needs!
When API connections are severed - are we (the firm), our target, and Audit Sight all notified automatically?
No - this is not a feature of the API connection made between Audit Sight and the target’s ERP. Audit Sight does not send any emails to customers or connected clients.
Some platforms (ERPs) may send an email to the account admin - it depends by system.
When API connections are severed - are we charged again for reconnecting to the ERP via an API?
No - Audit Sight does not charge for each connection. We only charge for each data book or cash proof that is generated on each deal.
How are we charged each time we refresh a data book on an existing target where we already have an active API connection?
Data books (and cash proofs) can be refreshed within a 90-day window with no additional charges.
Any data book generated for a new period (i.e. a different time span on the target’s financial data) outside of the 90-day window incurs a new data book charge.
If we reconnect a severed API connection - but decide not to run a Data Book because the deal is terminated - are we charged?
No.
What do the notifications look like for the target when an active API connection and data pull is made?
Some ERP systems will email the Admin user on the account that an API connection has been made. Notifications (type and frequency) vary by system. Audit Sight does not send automated emails. Link to connections guides via API HERE.
What aspects (if any) of Audit Sight’s Data Book are available if we do not connect via an API?
You can still generate a P&L statement, Balance Sheet, EBITDA summary, Chart of Accounts, Journal Entry detail, and Trial Balance if you generate a non-connected data book (by uploading only the target’s downloaded TBs and JE detail to Audit Sight).
If we run a multi-year (more than a TTM) P&L in the data book - are totals per year included in the analysis (Excel summary of the Data Book) so that we can easily build our pro-forma summaries?
No totals per year are provided - just a grand total for the period generated.
Can we run full Audit Sight Data Book functionality with a QBD (Quick Books Desktop) file back up - rather than connect via API?
Yes - with access to the Admin username and password - with an additional fee for this connection.
Is there a use case for your cash proofs and data books post deal - to assess if the target (client) is appropriately accounting for transactions & cash in its ledger - and to also assess whether there is misappropriation of cash in the business?
Yes - absolutely! Run a cash proof and/or data book at any point after your deal is closed to quickly and easily assess if there are inaccuracies in accounting/data reconciliation with banking cash flows in the business.
Does your solution consolidate accounts (many entities on one target deal) for multiple entities?
Yes - we do not automate or generate the elimination entries - but we do consolidate the entities in the data book output.
Can you specify what data is available in the data book if we use a non-connected system?
It depends on what data is available in the ERP (Quickbooks vs others) and if vendor details, customers, etc. are retained in the ledger.
Is our custom account mapping saved between data syncs across the deal cycle?
Yes - our algorithm is built to “learn” your account mapping designations so that the chart of accounts are consistent between deals based on client type and industry.
If we re-run a data book outside of the period (90 days) - but on the same data - is it an additional charge for the cash proof?
Yes - if outside of the 90 day window - there are new charges to run the data book - even if it is on the same period.
Does cash vs. accrual basis create separate data book outputs?
No - our API connector (Railz) has the ability to differentiate between these - however there is no implementation (or difference) for this.
