Audit
In our Learning of making Sale Audit Better and Effective We learnt-
What important points to be check while auditing ? when you are –
1.Taking New Sales Order – https://mlgassociates.in/if-you-are-doing-your-sales-order-audit-correctly (Click and Read)
2.Creating New Customer – https://mlgassociates.in/new-customer-creation(Click and Read)
3.Entering New HSN/SAC code and Recording Gate Outs – https://mlgassociates.in/new-hsc-sac-code-gate-out-record
4.Good’s Reach Record –https://mlgassociates.in/youtube-audit-of-goods-in-transit
Now here we are adding two new points in this.
Customer’s Payment Advice Audit
If you don’t take customer’s payment advices and booked it on FIFO basis then How payments get settle ? or How you know you get the right amount of payment or not ?
Solution
Insist Payment Advice.
Do test audit of Payment Advices.
Try to take data from your customer in excel format so that you can upload it and save your time.
If you have more than 10 pages transaction in one particular payment then try to do it in excel format only.
E-way Bill’s Audit
Check if all relevant E-way bills are made or not.
How to check it ?
Check it Manually
If you have integrated system, E-way bill is linked to portal and it saves data properly then their is a possibility that you can take out data from system only.
If your E-way bill is not made then their is risk of Truck impounding and penalties.
For more such points which are important for your internal audit will gonna be discussed soon, just stay tuned.
For more information and clarity watch the video below by – Mr. Sangeet Kumar Gupta, F.C.A and Co-founder of Finsys .
Video Shot at Jaipur Marriot
What are the good things you must see during audit of the Sales Side. Debtors, Prices, Sale order and so many things.. Practical Ideas.