Two key financial/bookkeeping goals for business owners and managers are:
- Minimizing errors and mis-postings in transactions to ensure accurate data and financial reports
- Having the right controls in place to minimize potential losses from fraud or theft
As you well know, meeting these critical goals has been much easier said than done!
ENTER THE AUDITMYBOOKS APP
A new app has hit the Intuit Marketplace that was designed precisely with these two goals in mind. More importantly, the app is designed to streamline a process that usually takes hours or days into mere minutes.
AuditMyBooks was built using key insights and advice from Certified Fraud Examiners, CPAs, Certified QuickBooks Consultants and CFOs. This group of experts provided detailed insights on common problem areas and traits when it comes to "monkey-business" going on within the books of a business. This app is designed to help locate them.
Connecting to the AuditMyBooks app is easy - it is all done through the Intuit Workplace App Center. The QuickBooks data file for a business is connected to AuditMyBooks with just a few mouse clicks.
Once connected, the AP Analyzer within AuditMyBooks runs through the QuickBooks data with the intention of identifying potential threats and mistakes.
SPOTLIGHT ON RESULTS
Once the QuickBooks data has been reviewed, a high-level dashboard is presented within AuditMyBooks that neatly summarizes the potential threats and problems discovered within the file.
You can quickly and easily dig into the specific threats and problems identified in the dashboard to zero in on the details behind them. Detailed instructions are provided to explain the tests that were run and what the results are telling you.
BENEFIT TO YOUR BUSINESS - A quick and easy way to scan thousands of transactions and discover patterns and clues to potentially fraudulent transactions as well as simple mistakes that need to be corrected.
CUSTOMIZE YOUR TESTING
AuditMyBooks provides the ability to customize some of the parameters that are used to run the various tests. Want to dial up or down on certain criteria? Not a problem.
You can run the scan of the QuickBooks file on any timetable you like - weekly, monthly, quarterly, etc.
NOTHING TO INSTALL ON YOUR COMPUTER
Since AuditMyBooks is known as a "software as a service" (SaaS), you rent their software each month. There is nothing to install on your computers or network. You simply create an account, connect your QuickBooks file, run the Analyzer and assess the results.
This app has gotten some really positive reviews, and I encourage you to take a closer look. It may just save you from some signficant losses down the road.
FREE TEST DRIVE: It's a snap to get your free test drive of AuditMyBooks. Just complete the information and set up your account.
Keep in mind that this software is part of a recommended series of steps businesses take with their finances and bookkeeping to protect themselves from errors and fraud. It is NOT guaranteed to uncover fraudulent activities or behavior.