NetClose - Flux Overview
Flux Analysis is a key management tool to use to analyze fluctuations within a company's accounts. The use of flux analysis can help provide management with information that is needed to make key decisions about their budgeting, forecasting, and strategy. While often times used to analyze Profit and Loss accounts, you can also use flux analysis to monitor Balance Sheet accounts. Flux Analysis uses comparative periods to identify fluctuations in your accounts. This can be done month to month, quarter to quarter, year to year, or any other period in which you wish to gain insights on.
NetClose's Flux Analysis Module provides you with the tools necessary to gain meaningful insight how your company is operating. To begin, you will need to set up the accounts you want to analyze. This can be all your accounts, Profit and Loss, or Balance Sheet accounts. This is done through creating Flux Scenarios that will be used to define under what circumstances you want to create a Flux Analysis. By Generating Flux Scenarios, you will create your Flux Analysis records.
Once these Scenarios are created you can begin creating your Flux Analysis records. These records are where you will be able to add explanations for why the fluctuations in your accounts have occurred. An additional feature available to you is the use of AI to generate Flux Analysis for. This can help save significant time when performing your analysis, as it will provide you with explanations for the fluctuations automatically. These explanations can be adjusted by including additional prompts to inform the AI on what you are looking for.