Additional FAQs

Does the solution generate a unique, sharable URL for data connections?

Not yet - but we are currently building functionality for this.

Is there a way to group various Income statement accounts outside of the Net Sales, COGS, Opex, etc. groupings? For example, if I wanted to combine two income accounts that the seller labels one as commission income, and the other as premium income, but I want both to just be commission income in net sales and then another mapping for one account labeled bonus income in net sales.

We’re happy to work with your team to build out additional grouping options for your deals' financial statements. This is a great approach to accommodate the common categories you encounter across deals.

If your team has any adjustments or proposed additions, our algorithm will learn and adapt to your mapping needs over time (based on key words and groupings). This means you won’t have to re-do the mapping again and again going forward for the same client & deal types.

When we rename the accounts in the dashboard, is there an easy way to revert that decision and go back to the original name that the target firm provided?

We don’t currently offer an “undo” button to revert to the original account names provided by the target firm. The best workaround is to re-ingest the data using the original upload documentation to restore the target-provided names.

The default data pull is 3-years + TTM. Is it possible to adjust the period to 5-years?

At this point no - our current module only supports 3. We can look to build this out in the future.

Did you have clarity on if we pull an accrual and cash data book, would that be $350 per book or just $350 since it is the same period?

At this time, there’s actually no difference between the two - so no need to pull one or the other (or incur additional charges).

Is it possible to generate a link that is only for accounting services? There is the opportunity to use the cash proof module once under LOI (letter of intent for our deal), but when working on the deals at the top of the funnel, we’d never ask for that information. It looks like the default connection link gives you the option to connect to either. This caused confusion with the individual we worked with to test the API connection, and we’d prefer to avoid this when working with targets early in the deal life cycle pre-LOI.

At this point no - key is to let the client contact know ahead of time which one to click. We can look at adding this as a product feature going forward.

If we change the chart of accounts (GL mappings) for specific accounts in the target’s ledger - is there functionality to track what is changed and benchmark this against the target’s mappings (so that we can see and track what was changed)?

Audit Sight automatically maps the target’s chart of accounts based on the GL account names & descriptions. You can change any mapping designation prior to generating your data book in Audit Sight. However we do not offer functionality to track what was changed in your mapping vs. the target (client’s) original GL mappings.

On the Chart of Accounts Tab you can see both the Fully Qualified Category (i.e. what the accounting system says) and the category used in the accounting system after running the data book