Audits

Is there anything that Microsoft Excel cannot do?  Accountants swear by this powerful and versatile spreadsheet software application and Audit Excel presents several courses that will turn you in a proficient user of Excel.  Accountants especially like to use Excel to perform financial audits.  In fact, Excel’s proven excellence in this field makes it widely used for financial audits by small and large businesses alike.

Audits need to be performed to ensure that your books are compliant with regulations and legislation, and to identify and pinpoint any irregularities, errors or mistakes.  Microsoft Excel is a powerful auditing tool that can identify billing errors by vendors and check their compliance with purchase agreement terms.  Excel auditing can indicate where costs can be saved and quickly identifies where over payments and under deductions were made, or whether deductions were made at all.  Duplicate financial entries are easily found, and you may even set up procedures to determine trends.  It may also help a lot to identify where risks of fraud exist.

Data can easily be imported from and exported to other applications and then manipulated as necessary.  Excel’s tools and formulas can manage financial data and the permissions settings are especially flexible and powerful.  Permissions can be set right down to cell level to determine which users can view or change data and formulas.

Once you have learned to use Microsoft Excel for financial audits, you would start to realise that you have already save a lot of money through finer financial control, and through avoiding the exorbitant cost of often unnecessary specialised software for financial audits.  Contact Audit Excel to learn more.