NetClose - Review the Flux Analysis
Overview
Once a flux analysis has been generated, it is ready for review. This article walks through the Review Flux Analysis page, its key features, and how to use them effectively.
Step-by-Step Process
- Navigate to NetClose > Flux Analysis > Review Flux Analysis.
- Select the desired Flux Scenario from the dropdown.
- Use the available filters to narrow down to specific accounts. One filter worth highlighting is the Quick Filter — selecting Explanation Needed will limit results to only those accounts that require an explanation because they exceed one of the predefined thresholds.
- Click on any account to open its Flux Analysis pop-up record. This record includes the primary account details, comparison data, and explanations for that account.
- To add or update an explanation, scroll down to the Explanations section of the pop-up. Enter the primary explanation in the Primary Explanation text box. Additional context can be added in the alternate explanation fields.
- If Flux Analysis AI is enabled, an AI-generated explanation will also appear in the Explanations section, along with an AI Context field where you can add supplemental context.
Flux Analysis Pop-Up Subtabs
The pop-up record includes several subtabs with additional detail:
- Large Transactions — Displays transactions that meet the Large Transaction Threshold. These can help identify the primary driver of a balance change and assist in completing the explanation.
- Transaction Counts — Shows the total number of debit and credit lines for the account in each period, along with a chart breaking down transaction counts by type.
- Dimensions — Allows you to pivot transaction amounts and counts by dimensions such as Entity, Segment, and Subsidiary. See our Flux Analysis Dimensions article for a full walkthrough.
- Previous Flux Analysis — Shows prior flux analysis records for the same GL account and primary information combination. Click a record name to open it.
- Scenario — Displays all thresholds applied in this flux analysis.
- Documents — Allows you to drag and drop supporting files directly onto the flux analysis record. Previously attached files can also be viewed here.
Current and Comparison Period Balances
By default, the current and comparison period amounts shown are the values stored on the Flux Analysis record, which are refreshed nightly and can also be manually refreshed from the Refresh Flux Balances page.
There are two ways to view real-time, up-to-date balances regardless of when the record was last refreshed:
- Real-Time Flux Balances setting — Enable this under NetClose > Setup > System Setup > System Features > Real Time Flux Balances. When on, real-time amounts will replace record amounts in the current and comparison period columns.
- Additional Periods dropdown — Without that setting enabled, you can still view real-time amounts by selecting the current or comparison period from the Additional Periods dropdown in the Trends section. NetClose will display the period again with the real-time amount in the additional period column while the current and comparison columns continue to show record values.
Additional Periods
The Additional Periods dropdown in the Trends section lets you display extra periods alongside the current and comparison periods for additional context — useful when, for example, you want to view monthly or quarterly periods alongside an annual flux analysis. You can add as many additional periods as needed. When displayed, the current and comparison period columns will appear with a darker background to distinguish them from any additional periods.
Even when performing an annual flux analysis, users can add monthly or quarterly periods for additional context. They can also include as many additional periods as needed.
See below for a detailed walkthrough on Flux Trends.