Use DataSnipper's Document Matching and Snips to verify the accuracy, completeness, and timeliness of cash receipts against accounts receivable.
Prerequisites
Supporting evidence over delivery of goods or services and receipt of payment
Bank statement showing the date of cash receipt (optional)
Listing from your client's source system
Steps
Import your supporting evidence into DataSnipper: cheques or proof of payment, goods delivery notes, and bank statements.
Click Document Organizer and create folders for each document type.
Click Document Matching and select Start new Document Matching.
Select your sample data. If your sample includes headers, check First row includes headers, then click Next.
Select Use document folders and check the relevant folders. Review the output columns and adjust them to match your procedure.
Click Match all rows. Once complete, review the output by moving through the snipped cells.
Use the Text Snip to extract any additional data not in your listing, such as the delivery date.
Document your conclusions over whether each accounts receivable balance was correctly included or excluded.