Accounts Exception Report

 Customer Introduction

This company is a public limited company which undergoes multiple accounting audits.

 Challenge

Users made certain mistakes in the vouchers and due to the high quantum of vouchers it was difficult to go through every voucher and find mistakes.

 The Solution

OurSys has an Accounting Exception Report which highlights all types of mistakes and discrepancies thus making it easy for user to make corrections.

Following discrepancies are automatically detected:

• Income & Expense nature ledgers with opening values
• Sundry Debtors & Creditors with mismatch of bill breakup and opening balance
• Wrong dates
• Vouchers where ledgers are missing
• Vouchers where inventory ledgers are involved
• Vouchers with figures with more than 2 decimals
• Not Tallied Vouchers
• Vouchers with Bill wise balance mismatch
• Ledgers without search string
• Ledgers without Accounting Group
• Income/Expense groups defined under Primary
• Reserves & Surplus group missing

 The Result / Benefits

Now it is easy to keep an eye on the exceptions and correct them as required.