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Glossary

Exception Report

An exception report is a structured summary of all unresolved or flagged reconciliation items — including their type, amount, status, and investigation notes.

Full definition

An exception report is a documented output of the reconciliation review process that lists all items that could not be automatically matched or that were flagged for review. It typically includes each exception's type, the difference amount, the nearest candidate considered, the reviewer note, the resolution status, and the reviewer decision. Exception reports are a core component of audit-ready reconciliation evidence.

Why it matters

Exception reports give finance managers and auditors visibility into what required review and how it was handled. Without a structured exception report, the completeness of the reconciliation review cannot be verified — and teams are left relying on informal communications or version-tracked spreadsheets.

Example

A period-end exception report shows 42 items: 28 resolved as timing differences, 10 resolved with amount adjustment notes, 3 escalated for further investigation, and 1 written off with approval. The report includes reviewer notes for each item and timestamps for each decision.

How Certanexa helps

Certanexa generates structured exception reports as part of the reconciliation workflow — covering exception type, context, reviewer notes, and resolution status — ready for finance manager review and audit documentation.

Safe boundary: Exception reports from Certanexa reflect the review conducted in the workflow. Finance teams are responsible for verifying completeness and accuracy before submission.

Related terms

Reconciliation Exception
A reconciliation exception is any transaction or entry that could not be matched or that requires…
Reviewer Notes
Reviewer notes are structured comments attached to reconciliation exceptions that document what w…
Reconciliation Evidence
Reconciliation evidence is the structured documentation that records what was reconciled, how it …
Audit-Ready Reconciliation
Audit-ready reconciliation means reconciliation work is documented with files reviewed, matching …

Related pages

Audit-Ready Reconciliation
Reconciliation

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