Overview
Audit Sight offers two tiers of its Proof of Cash solution — Standard and Advanced — designed to meet the varying needs of audit and transaction advisory teams. Both tiers automate complex reconciliation processes, but the Advanced version extends functionality for high-complexity clients, offering deeper analytics, CPA oversight, and enhanced accuracy.
Standard Proof of Cash
Ideal For:
Firms looking to automate and manage cash proofs independently. Best suited for single-entity clients or engagements without unusual activity. Provides an efficient, self-service option for teams that want speed and control over final outputs.
Key Features:
- Automated Workpaper Generation: Create complete cash proof workpapers in minutes.
- Account Rollforwards: Automatically generate reconciling items for Fixed Assets, Debt, Equity, Sales Tax, and Intercompany balances.
- AI Bank Transfer & Sweep Detection: Identifies standard reconciling items using AI-driven transaction descriptions. AI categories can be updated based on user input.
- Chart of Account Mapping: Reclassify and adjust mapping directly within the platform.
- 90-Day Auto Refresh: Automatically refreshes results for 90 days with real-time email notifications.
- Unlimited Date Range: Supports full-year or custom-period reconciliations.
- Bank Statement Coverage: Includes up to 12 bank statements per engagement. Add statements can be added for additional costs.
Advanced Proof of Cash
Ideal For:
Complex clients or teams seeking a white-glove experience with advanced automation, predictive matching, and CPA oversight. Perfect for multi-entity structures, and reconciliations requiring precision below 1%.
Everything in Standard, plus:
- Bank Transaction Matching: Matches bank transactions directly to the general ledger (GL) to automatically create reconciling items for customer refunds, unrecorded transactions, and inter-account sweeps.
- Advanced Reconciling Items: Identifies non-cash revenue and expense activity (e.g., passthrough costs, credit card fees, rebates, and other company-specific adjustments).
- Bank-to-Book Comparison: Provides monthly and account-level comparisons to identify missing or misclassified transactions.
- CPA-in-the-Loop Review: An Audit CPA reviews workpapers when total variance exceeds 1%, ensuring mapping accuracy and completeness.
Summary Comparison
| Feature | Standard | Advanced |
|---|---|---|
| Automated Workpaper Generation | ✅ | ✅ |
| Account Rollforwards (Debt, Equity, Fixed Assets, etc.) | ✅ | ✅ |
| AI Bank Transfer & Sweep Detection | ✅ | ✅ |
| Chart of Account Mapping | ✅ | ✅ |
| 90-Day Auto Refresh with Notifications | ✅ | ✅ |
| Bank Statement Coverage (12 Statements) | ✅ | ✅ |
| Bank Transaction Matching | ✅ | |
| Advanced Reconciling Items | ✅ | |
| Below 1% Variance | ✅ | |
| Bank-to-Book Comparisons | ✅ | |
| CPA Review & Oversight | ✅ | |
| Expanded Insights | ✅ |
Choosing the Right Tier
- Select Standard if your engagement involves fewer entities, straightforward cash activity, and a desire for self-service automation.
- Select Advanced if your engagement involves complex reconciliations, cross-account activity, or requires documented CPA assurance on reconciliation accuracy.
- If you select the Standard and want to upgrade to advanced, no problem. Your cost of the standard will be deducted from your Advanced proof.
Need help choosing?
Contact the Audit Sight Customer Success team for a consultation on which Proof of Cash tier best fits your firm’s needs.
