Accounting Skills
Each skill is a complete accounting process OCTA Flow can run: the step-by-step procedure, the controls that keep it clean, and how the automation works with a human signing off on every entry.
Accounts Payable Review
The complete accounts payable review process — aging buckets, duplicate invoice and payment detection, and three-way match — plus how firms automate it.
SkillAR Aging Review
The complete AR aging review process — aging buckets, DSO calculation, collection review, and bad-debt provisioning — plus how firms automate it with AI.
SkillBank Reconciliation
The complete bank reconciliation process and format — matching transactions, outstanding checks, deposits in transit — plus how firms automate it with AI.
SkillBank Statement Entries
How to categorize bank statement transactions to the right GL accounts and draft the journal entry, plus how firms automate it with human approval.
SkillCustomer Reconciliation
The complete customer (AR subledger) reconciliation process — matching invoices to remittances, resolving unapplied cash — plus how firms automate it.
SkillDepreciation Computation
The complete depreciation computation process — straight-line, declining balance, and SYD schedules, GL reconciliation — plus how firms automate it.
SkillException Review
How firms run an audit exception review — classifying findings by materiality and severity, aggregating misstatements — plus how OCTA Flow automates it.
SkillFinancial Statement Preparation
How to prepare a full set of financial statements from an adjusted trial balance, the cross-statement checks, and how firms automate the process with AI.
SkillFixed Asset Capitalization
How to classify an expenditure as capitalize vs. expense — policy thresholds, the de minimis safe harbor, and the RABI test — plus how firms automate it.
SkillGoing Concern Assessment
The going concern assessment process under ASC 205-40 — adverse conditions, management's plans, and the substantial doubt conclusion — plus AI automation.
SkillIntercompany Reconciliation
How intercompany reconciliation works — matching IC balances across entities, resolving FX and timing differences, and producing elimination entries.
SkillInventory Valuation
The complete inventory valuation process — count reconciliation, FIFO vs. weighted average costing, and lower of cost or NRV testing — plus AI automation.
SkillJournal Entry Testing
The journal entry testing process for fraud risk (AS 2401 / ISA 240) — completeness, risk filters, scoring, and sample selection — plus automation.
SkillLease Computation (ASC 842 / IFRS 16)
How to compute the ROU asset and lease liability under ASC 842 / IFRS 16, classify operating vs. finance leases, and build the amortization schedule.
SkillMonth-End Close
The complete month-end close process (checklist, journal entries, reconciliations, flux analysis, and sign-off), plus how firms automate it with AI agents.
SkillPartner Basis Computation
How to compute a partner's outside basis in a Form 1065 partnership — K-1 items, liability shares, contributions and distributions — plus AI automation.
SkillPayroll Reconciliation
The complete payroll reconciliation process — register to GL, net pay to bank, withholding checks, and ghost-employee detection — plus AI automation.
SkillRelated Party Identification
How to identify related party transactions and draft ASC 850 / IAS 24 disclosures — building the list, scanning the GL — plus how firms automate it.
SkillRestaurant Aggregator Reconciliation
How to reconcile a restaurant's POS sales to a delivery aggregator's settlement report — orders, commissions, fees, and the bank payout — plus automation.
SkillRevenue Recognition Review
How to review revenue recognition under ASC 606 / IFRS 15 — the 5-step model, cut-off testing, deferred and unbilled revenue — plus how firms automate it.
SkillSales Tax Computation
How multi-state sales tax works — economic nexus, destination-based sourcing, taxability, exemption certificates, and use tax — plus automation.
SkillShareholder Basis Computation
How to compute S-corp shareholder stock and debt basis from the Form 1120-S K-1 in IRC § 1367 order, track AAA, and apply loss limits — plus automation.
SkillTax Provision Computation
The full ASC 740 tax provision process — current tax expense, deferred taxes, valuation allowance, UTPs, and the ETR reconciliation — plus AI automation.
SkillTrial Balance Review
The complete trial balance review process — footing checks, classification, sign testing, flux analysis, and unusual-balance flags — plus AI automation.
SkillVariance Analysis
How to run a budget-vs-actual and period-over-period variance analysis — dual materiality thresholds, metrics, benchmarks — plus how firms automate it.
SkillVendor Reconciliation
The complete vendor statement reconciliation process — matching invoices, unrecorded liabilities, GRNI accruals, disputed amounts — plus AI automation.