Accelerating the accounting audit process

Although ideally the accounting audit should be a formality if the accounts are properly maintained throughout the year, it is unfortunately far from being a trivial affair due to various factors. Managing accounting documents can be disrupted due to employee leave, increased activity, errors, delays, lost supporting documents, and many other causes.

A report by the think tank for the accounting profession, Les Moulins emphasized that the audit mission represents a significant burden for firms, in several respects. Indeed, it can have a considerable impact on their business. Here are the two main solutions to speed up the accounting audit process:

• The dematerialization of accounting documents: the dematerialization of accounting documents makes their management and access easier. Digitization tools such as scanners and optical character recognition (OCR) software allow paper documents to be quickly converted into digital formats, making them easy to store, search, and process.
• Automating the processing of accounting documents : Automated accounting processing tools can be used to do much of the audit work, especially for repetitive tasks. These tools can help detect data entry errors and inconsistencies, saving time throughout the year by improving the accuracy of results.

Thus, automating a certain number of accounting processes ultimately makes it possible to drastically reduce the time and energy spent on accounting audits.

More concretely, you will:

• Save time: automating the processing of accounting documents saves valuable time, which employees can use to focus on other tasks and projects
• Avoid mistakes: Optimize bookkeeping all year round: revision reduces the risk of accounting errors, which can lead to savings in time and money
• Respect the deadlines: Automating bookkeeping makes it possible to meet regulatory deadlines, which can avoid penalties and additional costs