Validations
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Validations

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Article summary

Validations ensure proper data values and general accounting standards exist within the application. For example, a Validation might check to see if an account is zero before making the decision to run the Consolidation Process. Or, that a group of accounts should be equal to another account before allowing data to be saved to the application. Validations also ensure proper adherence before executing the Consolidation Process.

Validation functionality allows you to create Validations that should be successfully passed before subsequent actions can be performed. You can create your own Validation methodology to help you manage your Consolidation Process. Validations can be applied to certain aspects of the Consolidation Process to ensure proper usage of the system and adherence to corporate or accounting standards.

Validations can be made executable by end users at different levels within the hierarchy (including interim rollup levels) to ensure accurate results. In addition, Validations should be executed prior to a Consolidation Process to ensure that accurate results are being consolidated.

Note:

  • The Validations you define are not integrated with the Consolidation Process. It is up to you to determine whether the Validations have been executed appropriately. We recommend you to review the Validation report before executing the Consolidation Process and ensure that all the Validations have been completed successfully before you run the Consolidation Process.

  • A user in Centralized mode can create, edit, set active/inactive, and process Validations. In Decentralized mode, a user can only view and process Validations.

Pre-Defined Report Validations

Planful provides you with pre-defined Validations to support your general financial and accounting practices and ensure proper reporting.


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