You can use the Find all Sums feature to check the mathematical accuracy of a financial statement.
About Find all Sums
With Find all Sums, you can automatically verify the mathematical accuracy of a financial document. DataSnipper analyzes all numbers to find potential sums, making it easy to review while saving time.
To learn the basics of the Find all Sums feature and how to use it, see this article.
Find all Sums for your Financial Statement procedure
DataSnipper analyzes all numbers to find potential sums and pastes the results into Excel in two columns: total and parts.
By scrolling through the financial statement in the document viewer, you will see orange snips highlighting all parts and blue snips indicating the totals.
If the sum of the parts and the totals are equal, they are output on the left in the Excel file.
If the sum of the individual parts could not be matched to the total value, the values remain white. You can manually verify this with the Sum Snip.
There could be multiple reasons that numbers are not mathematically correct. You can place an exception snip to mark this and add a comment for the reviewer.
Video tutorial
What the video covers
The video demonstrates how the Find all Sums feature analyzes a financial statement, matches parts to totals, and highlights the results directly in the document viewer and the linked Excel workbook. It also shows how to identify values that could not be matched so they can be checked manually.
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