NetClose - Review the Flux Analysis

Overview

Once a flux analysis has been generated, it is ready for review.

This article will guide you through the process of reviewing the flux analysis, highlighting its key features and how to interpret them effectively.

Step by Step Process

  • Navigate to NetClose > Flux Analysis > Review Flux Analysis.
  • On the "Review Flux Analysis" page, there are several filters available to help users navigate to specific accounts. One key filter to highlight is the "Quick Filter." Within this filter, users can select the "Explanation Needed" option, which will narrow down the results to only those accounts that require an explanation due to exceeding one of the predefined thresholds:

  • Explanations can be added as needed by accessing the Flux Analysis pop-up record. Simply click on the account to open the detailed flux information for that specific account: 
  • The primary account details, comparison data, and explanation will be available within this record. To enter the required explanation, scroll down to the "Explanations" section. In the "Primary Explanation" text box, input the necessary explanation. If additional context is needed, extra text boxes are provided for alternate explanations:
  • If you have Flux Analysis AI enabled, the user will also find an AI generated explanation under the "Explanations" section:
  • This pop-up record includes the same information as the flux record, along with additional subtabs for more detailed views—several of which are outlined below:
    • The "Large Transactions" subtab displays transactions that meet the Large Transaction Threshold. These transactions can help identify the primary cause of the change and assist in completing the explanation:
    • The "Transaction Counts" subtab displays the total number of debit and credit lines associated with the account for each period. It also includes a chart that breaks down the transaction count by transaction type for each period:
    • The "Previous Flux Analysis" subtab shows prior flux analysis records for the GL account with the same primary information combination. Users can access these records by clicking on the record name:
    • The "Scenario" subtab displays all the thresholds applied in this flux analysis:
  • NetClose also allows users to add extra periods to their flux analysis for further review. Additional periods can be included in the "Trends" section of the Review Flux Analysis page. Users can add as many periods as needed to provide additional context. However, the flux analysis itself will still be based on the current and comparison periods. The walkthrough below outlines the steps to add extra periods.
    • The "Additional Periods" dropdown in the "Trends" section enables users to select extra periods to display alongside the current and comparison periods used in the flux analysis:
    • The additional periods will appear alongside the current and comparison periods. To differentiate them, the current and comparison periods will have a darker background.

  Click here to see the walkthrough in full screen.

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