How to compare different versions of financial statements with Financial Statement Suite

When you make changes in your financial statements, it is possible to see and compare those changes to the previous version with Financial Statement Suite.

About Financial Statement Suite

Financial Statement Suite is a paid platform module. Designed to automatically perform and review financial statements, while relying on the auditor's judgment. Increase audit quality, while boosting efficiency.

Choose your Financial Statement Suite version:

👉 DataSnipper version 4.1 and later

👉 DataSnipper version 4.0

DataSnipper v4.1 - Version Comparison

Prerequisites

• Imported two financial statements with changes
• The Financial Statement Suite add-on module

Comparing different versions

1. Begin by clicking the Version Comparison button in the top right-hand corner of the DataSnipper tab within excel.
2. Place the previous version of your financial statement on the old file drop-down menu. Place the latest version in which you made changes on the new file drop-down menu. 
3. Click compare and DataSnipper will start to compare and highlight the changes.
4. You can scroll down to the changes to see all the differences between the two documents.
5. Once you are done with your analysis, you can export the changes to your Excel workbook by clicking on the Export to sheet button.
6. The removed changes will be shown with Exception Snip; The new changes will be shown with Validation Snip.

DataSnipper v4.0 - Version Comparison

Prerequisites

• Imported two financial statements with changes
• The Financial Statement Suite add-on module

Comparing different versions

1. Begin by clicking the Version Comparison button in the top right-hand corner of the DataSnipper tab within excel.
2. Place the previous version of your financial statement on the old file drop-down menu. Place the latest version in which you made changes on the new file drop-down menu. 
3. Click compare and DataSnipper will start to compare and highlight the changes.
   
4. You can scroll down to the changes to see all the differences between the two documents.
5. You can leave a comment on the latest financial statement version by right-clicking on a page.
   
6. Once you are done with your analysis, you can export your financial statement with your comments by clicking on the Export with comments button.