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

About the Financial Statement Suite

The 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 to learn more about Version Comparison:

👉 DataSnipper version 4.0

👉 DataSnipper version 4.1 and later

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.
    vers comp - import
  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.
    vers comp - adding comment
  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. 

To learn more about the procedures you can perform with the Financial Statement Suite, have a look at this article: How to document a Financial Statement procedure with Financial Statement Suite?

Please note that the Financial Statement Suite is a separate paid add-on module and supported by DataSnipper version 4.0 and up.

 

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.

To learn more about the procedures you can perform with the Financial Statement Suite, have a look at this article: How to document a Financial Statement procedure with Financial Statement Suite?

Please note that the Financial Statement Suite is a separate paid add-on module and supported by DataSnipper version 4.0 and up.