UpDraft
Top 15 Tips to Get the Most Out of UpDraft
Foundation
Get Started
1
Start with a Workflow for Best Results
Workflows are master playbooks for a topic (revenue recognition, lease classification, debt modifications, etc.). They give the agent a structured path from facts to conclusion — always use one when available.
2
No Workflow? Build a Plan First
If there's no workflow for your issue, don't just wing it. Ask the agent to identify the accounting issues, outline an analysis plan, structure the memo, and then execute step by step. You're building the playbook on the fly.
3
Always Anchor to a Guide
Point the agent to your firm's guide or a specific standard before diving in. Grounded responses beat generic ones every time.
Deep Dive
Research & Analyze
1
Operationalize the Guidance
Don't just ask "what does ASC 815 say?" — tell it to apply a specific decision tree, like "walk through the EY embedded derivative flowchart for this contract."
2
Map Key Terms in a Matrix
Ask the agent to extract and organize critical contract terms (payment, termination, variable consideration, etc.) into a structured comparison table.
3
Compare Terms Across a Portfolio
Upload a family of contracts (e.g., portfolio of leases) and ask the agent to compare key terms side by side — spot outliers and inconsistencies instantly.
4
Cross-Reference Guidance Across Sources
Ask the agent to compare how the Big 4 interpret a specific topic. See where they agree, where they diverge, and what that means for your position.
5
Model Alternative Scenarios
Ask "if we conclude X, what's the outcome?" vs. "if we conclude Y?" — stress-test your analysis before committing to a position.
Quality Control
Validate & Defend
1
Make the Agent Your Auditor
Tell it to critique your analysis like a skeptical reviewer. It'll flag gaps, missing considerations, and weak conclusions before your actual auditor does.
2
Draft Responses to Auditor Comments
Paste the auditor's comment and let the agent draft a point-by-point response with citations to the relevant guidance.
Action
Communicate & Execute
1
Prep for Client Calls in Minutes
Upload a contract and ask the agent to surface accounting risks and open questions immediately — walk into the call already knowing where the landmines are.
2
Visualize the Logic
Ask the agent to create a decision graph or flowchart so you can see (and show others) the analytical path from facts to conclusion.
3
Create Journal Entries
Once you've landed on the conclusion, ask the agent to draft the journal entries. Go from analysis to booking in the same session.
Mastery
Sharpen Your Work
1
Test Against Real-World Examples
Compare the agent's analysis to best-practice examples in the knowledge base. If your conclusion doesn't hold up against how similar transactions were actually treated, better to find out now.
2
Get Plain-English Translations on Demand
Staring at a dense indemnification clause or a gnarly ASC 805 paragraph? Ask the agent to break it down in plain English. Great for getting up to speed fast on an unfamiliar topic — or for explaining it to someone else.
Connect
Support & Questions
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We aim to respond to all queries promptly and ensure your experience with UpDraft is seamless.