How to perform cash confirmation procedures using DataSnipper

Learn how you can use DataSnipper to perform and automate your cash confirmation procedures with Document Matching.

Choose your DataSnipper version:

👉 DataSnipper version 4.1 and later

👉 DataSnipper version 4.0 and earlier

Video Tutorial

Example

Here you can download the workbook shown in the video including all of the sample data and documents.

ToD confirmation procedures - example

Template

Here you can download a blank version of the workbook shown in the video to use or customise for your own procedures. 

ToD confirmation procedures - template

Prerequisites

• Completed and scanned confirmation responses imported into DataSnipper
• Any supporting evidence for alternative procedures such as bank or account statements or screenshots from a web portal/source system.
• Listing from your client's source system

Start procedure

1. Start by importing all relevant document into DataSnipper, i.e., Confirmations, Bank Statements and Screenshots. 
2. Click on Document Organizer, and then create folders for 'Bank Confirmation', 'Bank Statements' & for any other supporting evidences to perform alternative procedures.
   
3. Click on the Document Matching button in the DataSnipper ribbon, and “Start new Document Matching”.
4. Select your sample data. If your sample data includes headers, check on the box "First row includes headers" & click "Next" to select the relevant Document Folders.
5. Cross check the output columns and adjust them according to your procedure.
   
6. Click “Match all rows” and DataSnipper will automatically match the input and output columns for you.
7. Once the match is complete, you can review the output by moving through the snipped cells.

DataSnipper version 4.0 and earlier

Sharing the file

1. You can choose to exclude all documents before saving the workbook in your audit file, by selecting the include/exclude documents toggle.
2. You have some options to delete specific documents, please click here to learn more.