Standard Cash Proof Module Overview

🚀 Standard Cash Proof Module 🚀

Cash reconciliation is one of the most fundamental—and historically time-consuming—procedures in any financial review. From tracking variances to validating activity across accounts, teams often spend hours piecing together data, resolving discrepancies, and hunting for reconciling items.

The Audit Sight Standard Cash Proof Module changes that. It puts automation, transparency, and control directly into the hands of your team—eliminating bottlenecks, reducing manual effort, and ensuring every reconciliation is accurate, consistent, and audit-ready.

🧠 Automated, Self-Service Cash Proof—With Audit-Quality Accuracy 🧠

Built for firms that want speed without sacrificing quality, this module allows customers to independently initiate, review, and manage their cash proofs—no Customer Success (CS) involvement required. Once a Cash Proof is launched, it automatically refreshes for 90 days, delivering up-to-date results whenever activity changes.

Every time a new workpaper is produced, the system notifies the user instantly. Just log in, review the dashboards, and access the latest reconciliations—no chasing, no waiting.

⚙️ How It Works ⚙️

Inside the Cash Proof module, users can:

• View a high-level summary of all cash proof results

• Monitor system alerts for missing or incomplete data

• Remap bank transaction categories if the AI needs refinement

• Update the chart of accounts (COA) directly within the interface

These interactive tools give users a dynamic, flexible experience—reducing back-and-forth and enhancing audit integrity through greater transparency.

🔁 Automated Account Rollforwards & Standard Reconciling Items 🔁

A major enhancement to this release is the introduction of Account Rollforwards, which auto-generate standard reconciling items across key balance sheet areas.

Each rollforward tab includes:

• Beginning balances, increases, and decreases

• A summary of offsetting accounts for full traceability

• A detailed list of journal entries driving activity

Automated Rollforwards are now available for:

• Debt

• Equity

• Fixed Assets

• Sales Tax

• Intercompany AP

• Intercompany AR

🧾 Types of Standard Reconciling Items

The Cash Proof now supports two categories of reconciling items:

1. Banking Reconciling Items

• Automatically identifies bank transfers and sweeps using our new AI-powered classification model

• Users can easily reclassify transactions for client-specific nuances

2. Accounting Reconciling Items (from Rollforwards)

• Fixed Assets: Captures additions, depreciation, and disposal proceeds

• Debt: Identifies new borrowings and repayments

• Sales Tax: Surfaces accruals and payments

• Equity: Flags contributions and distributions

• Intercompany: Highlighted for user review (no standard reconciling items generated)

Users can reclassify the COA at any time, and the proof updates instantly.

💼 What’s Included in Cash Proof Advanced 💼

The Advanced tier includes everything in Standard—plus enhanced, audit-grade analytics built to validate bookkeeping quality, identify unusual activity, and provide deeper reconciliation insights.

1. Bank-to-Books Matching

• Matches bank transactions to accounting entries (DRs & CRs to Cash)

• Predicts timing adjustments—reducing reliance on manual bank reconciliations

• Helps verify bookkeeping accuracy with precision

2. Advanced Reconciling Items

• AI identifies unusual journal entries to revenue, expenses, and accruals

• Useful for uncovering rebates, customer refunds, and non-standard adjustments

• Essential for reaching 1% or better variance accuracy

3. Bank Account Analysis

• Compares bank balances to book balances by account, by month

• Surfaces variances and timing issues effortlessly

4. Audit Sight CPA in the Loop

• A CPA reviews the workpaper for engagements with variance >1%

• Up to 1 hour included; additional time available for a fee

‼️ Available Now ‼️

The Standard Cash Proof Module is live and ready for customers to use independently! Run automated proofs, review results in real time, and take full control of your reconciliation process—all without waiting on CS support.

No more manual tracking. No more missing reconciling items. Just clean, accurate, audit-ready cash proofs—delivered automatically.