Improved data check builder for Profit and Loss and Balance Sheet

More types of checks to choose from & easier to select multiple accounts.

It’s now easier than ever to build your own data checks for Profit and Loss and Balance Sheet in Aider!

Spend less time on the hefty admin task of data quality due diligence. Make sure that only quality data underlies your compliance and advisory services.

What’s new? 

  1. More type of checks you can create for Profit & Loss and Balance Sheet
  2. Easier to select multiple accounts - by account type, or select ALL accounts

How do these enhancements work? 

1 New types of P&L and Balance Sheet checks: 

  • Create checks that alert you to significant changes to the account balances or period totals
    - e.g. “Overheads with significant increases (up 30% or more)”, “Expense accounts with significant changes (up / down 30% or more)”.

    You can customise the alert threshold (what percentage), direction of change (up, down, or either), and what accounts to check.
  • Create checks that alert you to account balance or period total amounts that don’t meet your expectations
    - e.g. “Balance Sheet accounts that should be $0 at end of the period (alert if above $0)”, “Key overheads not yet paid / raised (alert if below $1)”.

    You can customise the alert threshold (what amount), comparator (above, below, above or equal to, below or equal to), and what accounts to check.

2 Select accounts by type or select ALL:

  • For all checks that allow you to check multiple accounts, you can now select accounts by account type - e.g. all “Expenses”, all “Overheads”, all “Current Assets”. You can also select all P&L accounts or all Balance Sheet accounts with one click.

What benefits do these enhancements have for advisors?

Together these enhancements make it easier than ever for you to set up an automated data checklist to ensure your clients' data is coded correctly for compliance and performance reporting. 

  • No more digging around Xero reports looking for the needles in a haystack!
  • One place to track all of your due diligence checks.
  • Automation to reduce the effort to carry out these checks.

This is only the beginning…

Our team is working hard to help you simplify your data due diligence process.
Watch out for more Data Compliance enhancements to come!

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