J'Adore Audits

Remember, I talked about that auditing software....

I. Love. It!

Many people may ask what an audit software is. Businesses and internal control have turned out to be very important and valuable. Due to various reasons, it is important to have the internal accounting standards high. These controls help a great deal in building the client’s faith since most of them do not want to risk anything. It is quite challenging for workers since a lot of documents stored could be in volumes. Getting one balance sheet could turn out to be a problem.

Technology is now being used unlike some time back when all this was done using paperwork .Nowadays; the internal accounting process is done using recent technology. The work is much easier since it is not necessary for employees to spend so much time looking for ledgers and balancing sheets. Audit software is a tool that offers a lot of advantages to companies.

1. It prevents overpayment. Most companies that do not use the software find themselves loosing a lot of money on overpaid vendors. With a lot of things to run in the company, mistakes might occur. The software is able to check and balance all the payments with no time.
2. Easy detection of loopholes involving fraud can easily be detected. You will always find people who try to take advantage over absolutely anything that comes their way. Their main aim is to get a chunk of what they never earned. It is easy for such people to go unnoticed when using balance sheets. There are some software’s that are able to investigate every invoice and easily detect frauds cases.
3. The audit software is able to provide information and help in decision making and analysis. This does not mean that it can be left alone to work on it. It means that it can help in creating internal reports.
4. It is easy to use and so it saves a lot of time.
5. It makes the company save its money by reducing manpower.

It is very important to know that having audit software does not mean that it is an option; to eliminate accounts. It is just there to help and work side by side with the accountants. Humans make errors, that’s why software like these will assist in accuracy and time saving factors. It can really be helpful in large companies or company in dealing with large sums of money. You should get an audit software to help boost your company’s effectiveness.

Girl Proof Auditing

I'm about to lose all my credentials as an independent woman.. but when it comes to complicated computer software I lose all rational thought and become a total girl! If its more complicated than email then I need detailed instructions on what exactly it is that I am doing! This makes my job challenging to say the least. I am responsible for carrying out the audits in our workplace and that means dealing with multi sheet excel workbooks and spreadsheets. I am usually tearing my hair out when it comes to entering the information and making sure the right pages are shared to the right departments. When my boss utters those two terrifying words 'internal audit' it doesn't take long for me to break out in a cold sweat and start hyperventilating! Okay, so I am being over dramatic. I'm not THAT hopeless, but it is challenging for someone like me who when it comes to computer trickery reverts to a giggling and awkward schoolgirl.

My boss took pity on me this week. He called me into the office and I just knew it was that time again. However, he uttered one little sentence which made me want to leap on that man and just squeeze him until he popped! Now you might be wondering what did he say? Did he offer me a 30% raise? Did he tell me it was now acceptable to claim for shoes on my expenses? Offer me 3 extra weeks paid vacation? Nope! Nothing like that, but how awesome would that have been? What he actually said was... “Claire, how about we try out some automatic auditing software?”

So this time next week when the internal audit rolls around, I will not be wearing a rather snazzy hat because I have ripped my hair out. I will be chilled out,I will be relaxed and I will be an audit ninja. Well, assuming I can learn how to work the program....