Struggling with Internal Audit for Errors, Mismatches, and Compliance Risks? Empower your audits with LedgerVision—your ultimate solution to accuracy and efficiency!101

LedgerVision for Internal Audit

LedgerVision is a powerful tool designed to enhance internal audits, whether conducted monthly, quarterly, or half-yearly. It systematically identifies discrepancies, ensures compliance, and streamlines financial data analysis. Below are the key areas it covers:

Key Areas Audited by LedgerVision:

  1. Wrong Accounting Entries:
    Detects and flags incorrect or inconsistent entries in accounting records.
  2. TDS Audits:
    • Identifies wrong TDS entries, short TDS deductions, and non-deduction of TDS.
    • Highlights TDS disallowances as per statutory provisions.
    • Bifurcates TDS data:
      • Party-wise
      • Expense-wise
      • Category-wise
      • Rate-wise
  3. GST Audits:
    • Identifies wrong GST entries.
    • Segregates GST data:
      • Party-wise
      • Expense-wise
      • Category-wise
      • Rate-wise
  4. Detailed Reverse Charge Mechanism (RCM) Reports:
    Provides comprehensive data on RCM-related transactions to ensure compliance.
  5. GSTR Reconciliation:
    • Reconciles GSTR 2A/2B and GSTR1 with Tally data, ensuring accuracy and highlighting mismatches.
  6. Analytical and Exceptional Reports:
    Offers 35+ detailed reports to analyze anomalies and gain insights into accounting data.
  7. Cash Transaction Scrutiny:
    Monitors and flags cash transactions to ensure adherence to statutory limits and guidelines.
  8. Automatic Tally Ledger Master Update:
    Updates Tally ledger master automatically based on audit findings, saving time and effort.
  9. Ageing Analysis with 43 BH Report:
    Delivers an extensive ageing analysis for creditors, debtors, and other balances, supported by the 43 BH report for detailed insights.

Why Use LedgerVision for Internal Audits?

  • Efficiency: Automates data extraction and analysis, saving significant time and effort.
  • Compliance: Ensures adherence to TDS, GST, and accounting standards.
  • Insights: Provides actionable insights with advanced reports and data bifurcations.
  • Customization: Supports audits tailored to your frequency and needs.

LedgerVision is an indispensable tool for maintaining financial accuracy and compliance, streamlining the internal audit process for any organization.