Why audit-trail with Zoho Books?
- Prevention of fraud
- Data security
- Guaranteed compliance
- End-to-end tracking of all transactions
- Tamper-proof audit trail
- Stress-free audits
Use audit trail to draw clear insights on your business transactions
If you are looking for an accounting software that is ready with audit trail, your search ends here. The audit trail allows a business to monitor its activities and prevent fraud.
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Assist auditors with accounts
Auditors can use audit trail to retrace the history of a particular transaction right from the source. Zoho Books captures all user and system-generated transactions and does not allow the disabling of audit trails, complying with government mandates.
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Keep your users accountable
The audit trail maintains a record of every action performed within Zoho Books, along with a timestamp and the details of the user who performed that action. This makes it easy to monitor who created, modified, or deleted transactions in your books.
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Provide numerous points of analysis
When a business handles a huge number of transactions, it becomes difficult to make use of all the information in the audit trail. Zoho Books allows you to see specific versions of changes that were recorded in terms of customers, vendors, items, journals, and settings, to name a few.
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Compare and comprehend the data
Zoho Books lets you compare multiple versions of the activities and changes made within your organisation. This helps you get a detailed comparison of all the changes that have occurred to a particular transaction from time to time.
Our resource on audit trail
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''Audit Trail has transformed the way our finance team works. During the audit season, our CA would visit our office at Nagpur, take a physical printout of all the records, and proceed with the audit. Now with Zoho Books, our CA's work has reduced tremendously. The CA can view the audit trail report from the convenience of his home office via Zoho Books' mobile application and eliminate all the manual tasks related to auditing.''
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''Being transparent and entering all the records into Zoho Books almost on a real-time basis, actually helped our investors to make the decision much faster. It was easy for them to do the due-diligence by sitting in Europe and completing all the audits within two months.''
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Frequently Asked Questions
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What is audit trail?
An audit trail is a date and time stamped record of details regarding a financial transaction.
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When is the amendment coming into effect?
Initially, the MCA had mandated this amendment to come into effect on April 1, 2022. However, in its latest announcement, the MCA has deferred the deadline by a year to April 1, 2023.
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Is audit trail feature available in all plans of Zoho Books?
Yes. Audit trail is available in all the plans of Zoho Books, starting from the Free plan.
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How does the audit trail feature benefit my business?
The audit trail feature helps your business by letting you detect and prevent fraud, increase the accuracy of your financial records and validating and verifying the source of a particular transaction.
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What should be included in the audit trail?
An audit trail should include information regarding every change that is made to a record in the application. Along with the nature of the change, it also saves timestamp and the details of the user who made the change.
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What information does the audit trail in Zoho Books provide?
The audit trail in Zoho Books provides details on when the action was performed, who performed the action, the module where the action was performed, and what the action performed was.