Made for Sage50cloud , SAGE Pastel Partner or SAGE Pastel Xpress

05/08/2020

T-account audit trail

PIVOT LIKE A PRO • Building an audit trail • Data Auditor

Build a T-account audit trail quickly.

Full T-account oversight is key when you audit. Understanding where all debits & credits went, is crucial for your ability to audit the transaction.

Finding all the legs use to be simple when we still did accounting by hand. Since accounting has gone digital, the volume of transactions have increased hundred-fold and finding all legs can be as difficult as finding a non-corrupt politician.

Now that accounting is processed by computer, I highly recommend you sharpen your data tools. If you pitch up with your traditional audit principles you are man against machine, and no matter how smart you are, a computer never gets tired of processing. Humans do. So rather put machine against machine to give you answers quickly and then use your human intelligence to look at and analyse the answers.

In this video I show how quickly you can build a T-account audit trial with MyBI App. Looking at accounting in this way is exciting & will give your audit-ability wings!!

MyBI App generates live & drill-able BI reports from transaction level. MyBI App has been fully developed to integrate with Pastel Partner, Pastel Xpress & Sage 50Cloud.

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MyBI

MyBI App is a comprehensive Business Intelligence and Auditing app that integrates directly with Pastel Partner & Pastel Xpress. The MyBI VAT Reconciliation Tool simplifies the VAT reconciliation process.
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