Comparison
LedgerProof vs a spreadsheet
GAAP audit-prep and review workpapers generated straight from QuickBooks.
Audit prep in a spreadsheet means assembling evidence after the fact — rebuilding workpapers from scratch each cycle and pulling support by hand every time a reviewer asks.
Where the spreadsheet breaks down
- Audit prep is a scramble to assemble evidence after the fact.
- Workpapers are rebuilt from scratch every cycle.
- Reviewers ask for support that takes hours to pull together.
| Spreadsheet | LedgerProof | |
|---|---|---|
| Workpapers | Rebuilt from scratch each cycle | Generated from the books |
| Evidence | Gathered after the request | Organized and traceable to the ledger |
| Tie-out | Manual, error-prone | Support traces back to source |
| Open items | Tracked in a side list | Fewer, because support is ready |
| Repeatability | Starts over every year | A repeatable review each period |
What you get with LedgerProof
- Audit-ready workpapers generated from the books.
- Evidence organized and traceable to the ledger.
- A faster, calmer review with fewer open items.
A worked example
When a reviewer asks for support on a balance, the difference between an hour digging through folders and a workpaper that already ties to the ledger is the difference between a calm review and a fire drill — multiplied across every open item.
Questions
- Is LedgerProof better than a spreadsheet?
- A spreadsheet is flexible, but it has to be rebuilt every period and breaks easily. LedgerProof connects to QuickBooks Online and stays current automatically, which removes the manual rebuild and the formula risk.
- Can I keep using my spreadsheet too?
- Yes. Many teams start with LedgerProof for the live view and keep a spreadsheet for one-off analysis. LedgerProof reads from QuickBooks and does not change your books.
- How fast can I switch?
- Connect QuickBooks Online and LedgerProof produces results in minutes, so there is no long migration off your spreadsheet.
- What does LedgerProof actually produce?
- GAAP-oriented audit-prep and review workpapers generated from QuickBooks Online, with evidence organized and traceable back to the ledger.
- Is this a replacement for my auditor?
- No — it gets your books review-ready so the audit or review goes faster with fewer open items. Your auditor still does the audit.
- Does it work for a review, not just a full audit?
- Yes. The workpapers and tie-outs are useful for any GAAP-oriented review, not only a formal audit.
Looking for the category overview? See the best QuickBooks audit tool.