Accounts Audit Checking

Owned by l (Unlicensed)
Last updated: 2021-Mar-31 by Jia Pei Chan
2 min read

Before generating the following reports, please make sure you have done

1. Previous financial year's profit has been transferred 
2. Configure the Auto-generated Retained Earnings (Tick) (Refer to Edit Financial Year and Period)
3. Remove Journal Transaction created before the financial year (Opening transaction)
4. Record depreciation, amortization
5. Key in previous year corporate tax adjustment, tax expenses

Accounts Audit Checking

Prepare cash flow statement
  • Cashbook Balance Summary: Finance -> Cash Book -> Cash Level
    (Select Company, all cashbook, date range: financial year period, click GL code (sorting by gl code)
  • Bank Reconciliation: Finance -> Cash Book -> Bank Reconciliation -> Bank Statement : BankRecon2
  • Cashbook Ledger: Accounting -> Journal and Ledger -> GL listing: Choose for GL code link to Cash Book
  • Accounting -> Financial Statement -> Balance Sheet (refer to cashbook glcode)

Identify the stock balance report
  • OR-01 Stock Aging Report
  • OR-02 Stock Aging Report By Location
  • OR-03 Item Code Stock Movement Report
  • OR-14 Historical Stock Value by Level Report
  • Purchase Reports: Stock Reports → SPR-06 Stock Purchase Report Group by Supplier
  • Trade-In Report: Stock Reports → SPR-04 Trade-In Report
  • Stock Adjustment Listing; Inventory > Stock Adjustment > Stock Adjustment Listing
  • Reset MA Reports: Stock Reports > OR-04 Stock Adjustment By Reset Moving Average
  • Customer Consignment Balance
  • Supplier Consignment Balance 

Prepare Customer Outstanding Balance
  • Outstanding Reports by Customer: Customer -> Query/Reports -> Historical AR Balance
  • Customer Aging Reports: Reports -> Manager Reports -> CC-07 Historical Transaction Aging Analysis
  • Customer Ledger: Customer -> Tasks -> AR Transaction

Prepare Supplier Outstanding Balance
  • Outstanding Reports by Supplier: Supplier -> Creditors -> Historical AP Balance
  • Supplier Aging Reports: Supplier -> Creditors -> Historical Transaction Aging Analysis
  • Suplier Ledger: Supplier -> Creditors -> AP Transaction

Financial Reports
  • Accounting -> Financial Statements -> Trial Balance
  • Accounting -> Financial Statements -> Profit and Loss Statement (refer to Printable Page 4)
  • Accounting -> Financial Statements -> Balance Sheet

Journal Ledger
  • Accounting -> Journal and Ledger -> GL Listing

Default Journal Transaction

System Default Journal Posting


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