Review is Syft's data review feature. It is dedicated to reviewing your data for errors or fraud before you start analyzing it or reporting on it. Review is used to monitor your data quality by identifying anomalies or errors and cleaning up the data before reporting on it. It empowers you to identify mistakes before they become problems with real-time machine-learning analysis across all accounts and transactions.

Navigate to the "Review" tab and click expand to explore the six sub-tabs that Review is comprised of, which are:

Review can also help you correct any errors you may have made in terms of classifying accounts or transactions to assist in ensuring that your financial statements are a fair representation of your performance and that you are making financial decisions based on accurate financial information.

You can keep tabs on the quality of data connected to Syft with Data Quality and identify unreconciled transactions in your bank accounts. Learn more here.

Accounts is the place to review data quality issues relating to specific general ledger accounts. These include potential duplicate accounts and dormancies. You can also track your suspense accounts, check where there are inverted balances and lastly, inspect where there is abnormal activity within certain accounts. This is a rich feature set that provides you with great insight into the health of your chart of accounts and transactions within those accounts.

We’ve built an entire section with Syft’s Review Tool that enables you to ensure you do not have mistakes or errors within your Contacts, which are your customers and suppliers. These are important aspects of your business or your client’s business and it is essential to ensure accuracy, both from a data quality perspective and potential fraud perspective.

Our tool will help you identify duplicate contacts, dormant contacts that you can archive, overdue and negative balances, and, lastly, multi-assigned contacts. These are contacts with transactions in accounts that are not their default accounts or do not have the expected tax codes.

The transactions section identifies potential duplicate transactions, anomalies in terms of transaction, description,or value, unusual timing in the posting of transactions, and manual transactions.

Syft's "VAT/GST Review" feature aims to help users ensure accurate tax claims and identify anomalous transactions. Three key reports are generated within VAT/GST Review: "Overview", "Accounts" and "Differences". These reports categorize and quantify potentially anomalous transactions into Input VAT/GST (purchases) and Output VAT/GST (sales), providing detailed insights and analysis capabilities.

The "Overview" report tracks current VAT/GST due or claimable, while the "Accounts" report identifies transactions with different tax codes from the default, helping users correct errors and optimize tax calculations. The "Differences" report identifies zero VAT/GST transactions in non-zero VAT/GST accounts, facilitating the detection and resolution of discrepancies in tax reporting.

Syft's "VAT/GST Reports" feature is aimed at identifying potential errors in VAT/GST data. It includes six different reports: VAT/GST by account, by code, by source, by currency, by value, and by transaction, each offering detailed insights and analysis capabilities. You can drill down into transactions, filter data, and export reports to assess VAT/GST movements over multiple periods, ensuring accurate financial reporting and compliance.