General Information
What Data Required to Run the Management Meeting Module?
To run the MGMT Meeting module, you need to only provide Accounting Data.
Accounting Data:
General Ledger Report: The module needs detailed transactional data from your accounting system.
Comparative Trial Balance: This includes the balances from the prior period for comparison to the current period.
Note: If your GL includes beginning and ending balances, a trial balance is not required.
The comparative trial balance is used to perform a completeness check over the accounting data.
General FAQs
How do I know if I have complete data?
Audit Sight automatically runs a completeness test by:
- Comparing total GL activity to the provided balances.
- Highlighting any accounts that don’t “roll.”
- Checking date ranges on uploaded bank statements to detect gaps.
What reports are generated in the Management Meeting Agenda?
The MGMT Meeting Agenda includes:
- Core Financials: Balance Sheet, Income Statement, EBITDA, Ratios
- Support Schedules: Chart of Accounts, Sales by Customer, Expenses by Vendor, Journal Entries
- Aging Reports: AR Aging by Customer, AP Aging by Vendor
- Visuals: Heat maps within the Balance Sheet and Income Statement
What if I want to change the mapping of the chart of accounts?
You can update mappings anytime:
- Log in to Audit Sight
- Select your client
- Navigate to the “Mapping” header
- Make your changes and re-request the MGMT Meeting Agenda
Note: No additional fees apply when updating mappings.
Other
What is the typical threshold used for Anomaly Detection Settings?
Most teams use a 1% threshold over the reporting period, but settings are fully customizable—percentage or fixed dollar values can be used.
How does pricing work?
Pricing is flexible and based per entity, not per time period for this module.
📋 Why per-entity pricing?
- Fair for all engagement sizes
- Small Engagements: Lower fees for simpler scopes where we eliminate less work.
- Larger Engagements: Higher fees for more complex cases where Audit Sight eliminates significant amounts manual work for your team.
- Unlimited time periods
- Run reports across multiple periods at no extra charge
This model allows us to provide value at all levels of complexity, ensuring a fair cost for every client.
Can I consolidate multiple entities into one to reduce costs?
Our pricing is based on a per-entity model, which ensures accuracy, transparency, and entity-level insights. However, not all engagements require entity-level information. When deciding between entity-level and consolidated reporting, consider the following:
Loss of Entity-Level Insights – Consolidating data removes the ability to analyze trends, transactions, and reconciliations at the individual entity level. This can result in missed insights, such as EBITDA adjustments or the identification of errors.
Our Data Conversion Services does Not Consolidate Data – Consolidating data requires significant judgment based on client-specific details. Because of this, our team is not equipped to perform data consolidation.
Intercompany Transactions Need Proper Treatment – If you choose to consolidate, intercompany transactions must be correctly accounted for and eliminated to prevent overstated or misstated financial data.
For optimal accuracy and insights, we recommend keeping entities separate in the system. For guidance on structuring your entities, reach out to your Account Manager, our team is happy to discuss best practices.
💡 Need Specific Pricing?
For your account’s detailed pricing based on your selected sections and needs, reach out to your Account Manager for a personalized quote.
What if I need help troubleshooting an issue with the MGMT Meeting Module?
We’re here to help!
- Reach out to your Account Manager
- Email us at support@auditsight.com
- Or visit our Support Portal
