Statement of Cash Flow Rounding

Because manual rounding can add unnecessary risk, this template from Workiva is an example of how you can automate and simplify rounding for your statement of cash flows.
Template Contents
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Automate the rounding of your financial statements to help streamline the preparation of your cash flows.

Rounding is arguably one of the most complex nuisances in the statement of cash flows process. This representative example shows how rounding can be automated with added controls and validations to help your organization quickly complete your statement of cash flows before distributing to downstream stakeholders such as your CFO or investors.

Key Features
  • Formula-based automation
  • Data collection
  • Linking
Compatible Solutions
To use this item, your organization needs to have purchased one of the following solutions.
Annual & Interim Financial Reporting
Management Reporting
SEC Reporting
Statement of Cashflows Preparation
Support and Documentation
Last updated 5/24/2021 (Release Notes)

Frequently Asked Questions

The cash flow rounding template will not be one-size-fits-all. Most organizations have a defined methodology for rounding that should be utilized when creating your rounding template. Instead, this template should be used as a representative example of how the Workiva platform is used to manage and automate rounding methodologies. This click-through example can show you how you can manage and automate rounding after assembling your financial statements.

Yes, this template was designed to be a click-through example for your use immediately after download. We recommend consulting with your Customer Service Manager (CSM) or your Account Owner if you would like to customize and automate your cash flow rounding to meet your organization's needs.

Automation reduces the likelihood of risk and control breakdowns in your cash flow and other financial statement processes. Managing and building these processes in Workiva's Connected Reporting Platform enables teams to drive consistency and continuity across the organization when assembling and analyzing your core financial data.

Fit for Purpose Solutions
Management Reporting
Mitigate risk by connecting data at the source to create an ecosystem of reliable, actionable reports, statements, and presentations.