Search for Unrecorded Liabilities via Bank Accounts

To ensure completeness of reported liabilities at year end, a useful test is a subsequent search for unrecorded liabilities. Within DataShare, you can complete the search for recorded liabilities using the drill down function within Bank Accounts to see payment activity subsequent to year end. 

To access, click on "Bank" on the left hand side of your client DataShare portal to expand the available banking reports. Then select "Bank Accounts" 

A list of all of the client's bank accounts will appear. First, select the appropriate date for your search. As this is a subsequent search of unrecorded liabilities, ensure that your date is the period after the audit year end and up until the upload date. 

The report is now showing all banking accounts and the activity in those accounts that occurred after year end. Select on the bank account that you wish to perform your search for unrecorded liabilities. 

This view will give you all activity within the bank account. Clicking the download button will export the report into Excel. Within Excel, you are able to filter for different types of payments and manual entries made directly into the bank account ledger.