Question 1

How does Aleq automate financial reporting?

Accepted Answer

Aleq is an AI accounting platform that assembles the income statement, balance sheet, and cash flow statement straight off the live trial balance of its native double-entry ledger — no exports, no pivot tables, no version-and-a-final. It drafts the month-over-month flux commentary the way a controller would, with every driver cited to the ledger, and every figure on every report drills to the journal entries, source documents, and policy behind it. Once it has learned your board package format, the pack is built and waiting the morning after close. Unlike exporting from QuickBooks or NetSuite into slides that drift, the statements are a view of the books and always tie out. Connects read-only; live in 48 hours.

Question 2

What is flux analysis in accounting?

Accepted Answer

Flux analysis — also called variance analysis — is comparing account balances across periods and explaining the meaningful changes: what moved, by how much, and why. It's the judgment-heavy last mile of the month-end close, and usually the part still written by hand the night before the board meeting. Aleq drafts it automatically: opex up $306,600 versus April, of which $180,000 is the annual D&O premium coded in full to insurance expense in May. The policy runs twelve months, so only $15,000 belongs to May and $165,000 belongs in prepaid — a cutoff error, and Aleq drafts the reclass rather than narrating around it. The remaining $126,600 is the first full month of nine field-engineering hires. Each driver is cited to the underlying entries; you review and adjust the wording rather than starting from a blank page.

Question 3

What should be in a monthly board reporting package?

Accepted Answer

At minimum: the three financial statements — income statement, balance sheet, and cash flow — plus variance commentary explaining what moved versus the prior period and why, and the operating cuts your board expects, such as a department P&L roll-up. What separates a good pack is traceability: when a board member asks why opex jumped, the answer should be evidence, not a follow-up email. Aleq assembles the pack off the live ledger the morning after close, writes the flux commentary with drivers cited, and makes every number drillable to the journal entry behind it — so the question gets answered in the meeting.

Question 4

What are the three main financial statements?

Accepted Answer

The income statement shows revenue, costs, and profit or loss over a period; the balance sheet shows assets, liabilities, and equity at a point in time and must balance; and the cash flow statement reconciles profit to actual cash movement, typically via the indirect method. All three derive from the same trial balance and must tie together. Aleq assembles all three directly off its live ledger — when the books move, the statements move with them, every figure still ties to the penny, and any line opens to the entries behind it.

Question 5

How do companies automate board reporting?

Accepted Answer

The default is manual: close the books, export to Excel, rebuild the pivot tables, write the commentary, format the slides — a week of work after the close is technically done. Close tools like FloQast and ERPs like Sage Intacct add variance features, but the deck is still assembled by hand. Aleq automates the whole output: statements assemble off the live ledger as the month seals, flux commentary is drafted with drivers cited, and once the format is proven over a couple of cycles, the recurring pack builds itself and waits for review. New cuts, like a one-off investor request, are drafted and stop for sign-off.

Question 6

How can we get financial reports out faster after month-end close?

Accepted Answer

The lag usually isn't the close itself — it's the re-assembly afterward: exporting the trial balance, rebuilding spreadsheets, writing commentary, formatting the deck. Every export creates a copy that drifts from the books and has to be re-tied. The fix is removing the export step entirely. In Aleq, the statements are a live view of the ledger, so reporting is the close's output rather than a separate project: as the month seals, the statements and the board pack assemble in step, the flux commentary is drafted from the entries, and the pack is ready the morning after close instead of a week later.

Question 7

Can AI write variance analysis commentary?

Accepted Answer

Yes — and the useful kind cites its sources. Aleq drafts the month-over-month flux the way your controller would: revenue up 9.4% on two enterprise go-lives, gross margin up 1.2 points on an infrastructure renegotiation, opex up $306,600 on a D&O premium coded in full and nine new hires — and it flags the premium as a cutoff error with the reclass drafted, because $165,000 of it belongs in prepaid. Each driver is linked to the journal entries, bills, and policies behind it. Because the commentary is generated from the ledger rather than summarized from a spreadsheet, every claim in it is checkable with a click. You edit tone and emphasis; the assembly and the arithmetic are already done.

Question 8

Can I trust financial reports generated by AI?

Accepted Answer

Trust the traceability, not the generator. Aleq's reports aren't a model's summary of your finances — they're views of a native double-entry ledger, so the statements always tie to the trial balance by construction. Every figure drills to the journal entries, source documents, and policy behind it; every entry is logged and reversible; and drafted commentary cites its drivers to the ledger. That makes an AI-assembled report more verifiable than the typical spreadsheet export, where numbers get pasted, adjusted in the deck, and can't be traced by the time the board asks. If you can click from the number to the evidence, trust stops being a leap.

Question 9

Will automated reporting match our existing board deck format?

Accepted Answer

Aleq learns your format rather than imposing one. The reports you send every month in the same shape — the board pack, the department P&L roll-up — it assembles on its own once the format is proven over a couple of cycles, waiting the morning after close. A new schedule or a one-off investor cut is a judgment call, so it's drafted and held for your sign-off before anything goes out. That's the same supervision model Aleq works under everywhere: Manual, Assist, or Auto per report, with autonomy earned by repetition, not assumed.

Question 10

Why don't my financial reports match my general ledger?

Accepted Answer

The usual culprits: the report was built from an export that's now stale, late entries posted after the spreadsheet was made, adjustments typed into the deck but never journaled, or GL accounts mapped to the wrong report lines. Every copy of the books is a chance to drift. Aleq eliminates the copies: the income statement, balance sheet, and cash flow are live views of the trial balance, so when the ledger moves the statements move with it, and every figure ties to the penny by construction. If a number looks wrong, you drill to the entries behind it instead of auditing a spreadsheet.

Statement	What it ties to	May
Income statement	revenue $5,120,000operating income	$1,354,000
Balance sheet	assets $31.2M= liabilities + equity	$0.00 out
Cash flow	indirect methodall 7 accounts	$9,240,600

Line	Driver	Change
Revenue+9.4%	two enterprise go-lives	+$440,000
Gross margin71.0%	infrastructure renegotiation	+1.2pts
Operating expenses+15.5%	D&O booked in full · 9 hires	+$306,600
Cutoff flaggedD&O reclass to prepaid	reclass drafted, waiting on youdrafted	$165,000

Board-ready the day you close.

Three statements, built from the books.

Every figure drills to the entry.

The flux commentary, drafted.

It learns your board package.

What finance leads ask first.

Send the board pack the day you close.