Audit Sight’s Cash Proof Advanced allows you to automatically group immaterial reconciling items to create a cleaner, easier-to-review workpaper without affecting any underlying results.
Availability
The immaterial items feature is available only in Cash Proof Advanced.
Standard Cash Proof does not include immaterial item grouping.
How to set the threshold
When selecting a threshold, you have two options:
1. Fixed Dollar Amount
Enter a specific dollar amount (e.g., $2,500).
This same amount is applied to both Revenue and Expense proofs, if applicable.
For each month, any individual reconciling item above the threshold appears separately.
Items below the threshold for that month are grouped into a single Immaterial Items line.
2. Percentage Threshold
Enter a percentage instead of a fixed amount.
For the Revenue Proof, the system uses the percentage of monthly revenue.
For the Expense Proof, the system uses the percentage of monthly expenses.
The threshold is recalculated each month, and items are evaluated individually against that month’s threshold.
How Materiality Is Applied in the Workpaper
Based on the calculated dollar amount, we analyze the monthly amounts of each reconciling item.
If any months have amounts greater than the threshold, they are considered material and are excluded from the analysis.
This analysis is performed using absolute values.
Where Immaterial Items May Appear
Depending on the activity in the workpaper, immaterial items can be grouped in up to four sections:
Revenue
Cash Inflows
Expenses
Cash Outflows
Each section applies the threshold separately and creates its own Immaterial Items line for months with low-value items.
Click on the hyperlink to see the grouping of all items.
Screen shot of immaterial Revenue Adjustments and related tab.
Does This Change My Results?
No. Grouping immaterial items does not change the underlying Cash Proof calculations, reconciling items, or differences.
It only affects how small items are displayed on the Immaterial Items tab for easier review.
On that tab, you can still:
See a summary of each category of reconciling items
View the full composition of all items included
Why Use Grouping of Immaterial Items?
Grouping immaterial items helps you:
Quickly see the meaningful reconciling items
Reduce the number of tabs in the workpaper
Maintain clarity while retaining full detail
Produce cleaner documentation without losing visibility
