NetClose - Flux Overview

Overview

Flux analysis is a key management tool for analyzing the fluctuations in a company's accounts, producing the insight management needs for budgeting, forecasting, and strategy decisions. It compares periods - month to month, quarter to quarter, year to year, or any pair you choose - across profit-and-loss or balance sheet accounts. NetClose automates the work: it generates your flux analysis from the scenarios you define, and can use AI to draft the variance explanations, so your team refines commentary instead of writing it from scratch.

Video walkthrough

Watch this walkthrough of the Flux Analysis module: setting up accounts and flux scenarios, generating your flux analysis records, and adding variance explanations, including AI-generated explanations.


How it works

NetClose's Flux Analysis module gives you the tools to gain meaningful insight into how your company is operating. To begin, set up the accounts you want to analyze - all of your accounts, profit-and-loss accounts, or balance sheet accounts. You define the circumstances for an analysis by creating flux scenarios, and generating those scenarios creates your flux analysis records.

Each flux analysis record is where you add explanations for why an account fluctuated. You can also use AI to generate the flux analysis: it produces the explanations automatically, which can save significant time, and you can refine them by adding prompts that tell the AI what you are looking for.

More detail and next steps

The articles below go deeper on setting up and working with flux analysis.

Setting up flux analysis

Working with flux analysis

Was this article helpful?

Knowledge Center