Overview
Standard Cash Proof is designed to identify common, high-confidence reconciling items between cash activity per the general ledger and bank statements.
The results are review-dependent and rely on:
- Correct bank account mapping to the chart of accounts (COA)
- Correct chart of accounts (COA) categorization
- Accurate classification of bank transfers and sweeps
- An understanding of the scope limitations of Standard Cash Proof
This guide walks through how to properly review Standard Cash Proof results, what you can update, and when additional testing may be required.
Step 1: Understand the Scope of Standard Cash Proof
Before reviewing differences, it’s critical to understand what Standard Cash Proof does — and does not — test.
What Standard Cash Proof Covers
- Common reconciling items for:
- Fixed Assets
- Debt
- Equity
- Sales Tax
- Bank transfers and sweeps using bank statement descriptions
- Non-cash expenses for depreciation and amortization
Important Limitation
Standard Cash Proof tests a limited set of reconciling items.
It does not identify all possible or complex reconciling items.
If additional or more complex reconciling items are expected, Cash Proof Advanced may be required.
Step 2: Map Bank Accounts to the Chart of Accounts (Required)
Before reviewing any reconciling items, bank accounts must be mapped to the correct cash accounts in the general ledger.
What Audit Sight Does
- Ingests bank transactions and general ledger data separately
What You Must Do
- Map each bank account to the corresponding cash account in the COA
For more details, see:
🔗 Mapping Bank Accounts to Chart of Accounts
Why This Matters
Until bank accounts are mapped to the chart of accounts:
- Standard Cash Proof will not populate certain reconciling items
- Alerts related to missing banking data may be inaccurate
Mapping bank accounts is a prerequisite for all downstream Cash Proof logic.
Step 3: Review Bank Transfers and Sweeps
What Audit Sight Does
- Uses AI to analyze bank transaction descriptions
- Identifies likely transfers, sweeps, and internal cash movements
- Applies matching logic to pair related cash movements
These classifications drive Banking Reconciling Items in the Cash Proof.
What You Should Review
- Confirm identified transfers and sweeps are classified correctly
For more details, review
Understanding Bank Transfers and Bank Sweeps in Cash Proof.
What You Can Update
- Reassign bank transaction AI categories when classifications are incorrect
- Download all bank transactions to Excel for offline review if needed
Why This Matters
Bank transfer and sweep classifications directly impact Banking Reconciling Items and overall differences shown in the Cash Proof.
Step 4: Confirm Chart of Accounts (COA) Mapping
What Audit Sight Does
- Uses AI to map general ledger accounts to standardized categories
- These categories determine how transactions are treated in the Cash Proof
Key Accounts to Review Carefully
- Debt
- Fixed Assets
- Equity
For more details, review
How Chart of Accounts Mapping Drives Accurate Reconciling Items.
What You Can Update
- Reassign account category mappings at any time
Why This Matters
Incorrect COA mappings can materially change Accounting Reconciling Items and cash differences.
Any COA updates automatically flow through the Cash Proof and related rollforwards.
Step 5: Review Alerts and Data Completeness
What Audit Sight Does
- Generates an initial Cash Proof as soon as data is available
- Surfaces potential issues in the Alerts tab
What Alerts Typically Check
- Is accounting data complete for the testing period?
- Are bank statements or banking connections missing?
- Are there gaps in banking data coverage?
Why This Matters
Missing or incomplete data can prevent the Cash Proof from reconciling correctly and may explain large differences.
Step 6: Understand How Updates Flow Through the Cash Proof
Banking Updates
When you update bank transaction classifications:
- Banking Reconciling Items update automatically
- Transfers and sweeps are reclassified instantly
COA Updates
When you update COA mappings:
- Accounting Reconciling Items update immediately
- Rollforwards recalculate beginning balances, increases, and decreases
- Categorization remains consistent throughout the proof
Automatic Workpaper Regeneration
Any update — banking, COA, or bank account mapping — triggers a full regeneration of the Cash Proof.
Benefits
- No manual recalculation required
- Clear audit trail of changes
- Results always reflect the most current data
Step 7: Evaluating the Results
After completing:
- Bank account mapping
- Bank transfer and sweep review
- COA mapping confirmation
- Data completeness review
You should reassess:
- Remaining differences
- Whether identified reconciling items explain the variance
- Whether additional testing is required
When to Consider Cash Proof Advanced
Cash Proof Advanced may be required when:
- Large or unexplained differences remain after review
- The entity has higher complexity or non-standard cash activity
- The engagement requires broader or deeper cash testing
Standard Cash Proof is designed for efficiency. Advanced Cash Proof is designed for expanded assurance.
Key Takeaway
Standard Cash Proof results are not final outputs — they are review-driven.
A proper review includes:
- Mapping bank accounts to the chart of accounts
- Confirming COA mappings
- Reviewing bank transfers and sweeps
- Understanding the scope of testing
Completing these steps ensures the Cash Proof supports accurate, defensible conclusions.
