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How to set a materiality threshold

Written by Andrea Sellers

If you head to Settings > P&L Variance you will be able to apply a materiality threshold to any entity that has Flux enabled.

You can set materiality as a % or a fixed amount and variances are assessed against the materiality threshold in both directions. For example, if your threshold is set to 10% any variances between +10% and -10% would be considered immaterial.

Don't forget to save any changes you make to settings using the save button in the bottom left corner:

Once you have set materiality thresholds, you can choose to hide any immaterial accounts using this checkbox:

and we'll remember your preference for this going forward.

Note: if an account has had commentary added or a notification is applied to it, it is consider material regardless of the threshold and so ticking the checkbox will not hide the account in this instance

On export, we highlight any nominals which are immaterial by using an Immaterial = TRUE column:

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