AUDIT TOOL

MDA Audit Tool is a software which assists the user to perform a systematic and independent examination of books of accounts of an organization using technology.

REPORTS

A wide variety of reports available to the users

Sales

  • Debtor Accounts with credit balances.
  • Debtor Accounts with no entries of sales.
  • Accounts having entries of sales but not classified as debtors.
  • Average debtor collection period.
  • Debtors- more than 6 months old.
  • Debtor accounts having no GSTIN.
  • Cash/Bank payments made to debtors.

Purchases

  • Creditor Accounts with debit balances.
  • Creditor Accounts with no entires of purchases.
  • Accounts having entries of purchases but not classified as creditors.
  • Average credit period.
  • Creditors – more than 6 months old.
  • Creditors – more than 1 year old.
  • Creditor accounts having no GSTIN.
  • Cash/Bank receipts from creditors.

Analytics

  • Benford's Law Analysis.
  • RSF Analysis.
  • Sale Invoice Analysis.
  • Expense Analysis.
  • Bank Analysis.
  • Debtots/Creditors Analysis.

BENEFITS OF

AUDIT TOOL

Cost Effectiveness and Efficiency

Accuracy

Time Saving

Speed

Quick Data Import

Cash

  • Cash Payment above Rs. 10,000.
  • ash Receipt above Rs. 2,00,000.
  • Accounts which may be hit u/s 269ST.
  • Negative cash balance during the year.
  • Highest cash balance during the year.
  • Lowest cash balance during the year
  • Highest no. of cash entries posted during the year (in a day).
  • Average cash balance during the year.

GST Reconcilation

The software provides a comparison of the data with the GSTR 2A files as downloaded from the GST website. The GSTIN, Taxable Value, CGST, SGST, IGST accounts are used as the basis for comparison and any deviation is reported. This report is extremely helpful to calculate the credit as per the books and credit as recorded in the GST Returns.