VAT: It’s your Duty – Using Data Analysis to comply with tightened Tax Compliance!
It is becoming an increasingly hot topic. Various different people have already raised the issue of value added tax with me. So it’s now time to write a blog post on the subject. The question is: Why is the issue of value added tax for companies becoming more and more of a pressing matter, and […]
Two steps to analyze bad payment terms in SAP
In today’s blog post I would like to show you how you can identify suppliers with no or bad payment terms in SAP, thus enabling you to conduct an audit of your payment terms quickly and efficiently! Part II of the series: “Payment terms in vendor master data” 1. Are you failing to benefit from cash […]
Are you failing to benefit from cash discounts due to poorly maintained payment terms in SAP
Deducting cash discounts for incoming invoices is one of the easiest ways to save costs in the company. For this to work successfully, payment terms must be maintained correctly and promptly in SAP. In this four-part blog series, I would like to show you how to analyze payment terms using data analyses to investigate whether discounts are […]
Quick Guide: Three steps to determine if postings are being recorded in a timely manner
Up to 52% of postings are not made within the limit of 40 days for timely posting (posting month + 10 days). By reading this Quick Guide, you will be able to find out how to analyze whether postings are being made in a timely manner in SAP. Reduce the risk of incorrect or fraudulent […]
Don’t put it off until tomorrow… recording of postings in a timely manner
Do you know how long you can hold on to documents before you need to post them? Is there a duty to post in a timely manner, or can a company simply decide when to post invoices. For companies in Germany, this is clearly defined: … … you must post them in a timely manner. In […]
How to find one-time invoices in SAP in three steps
In this blog post you will learn how to analyze the use of one-time accounts in SAP using data analysis. You can very quickly estimate how intensively such accounts are used in your SAP and whether there are invoices with large amounts. I would like to take you through the three steps to follow to conduct […]
One-Time Accounts – The quick checklist for your accounting department
One-Time Accounts are collective accounts for one-time transactions that are not assigned to a vendor or customer. Auditors usually do not like these one-time accounts, because transactions can be easily hidden in such accounts. You should understand the risk of using one-time accounts and how you can assess this risk. Part 1 of the series: […]
3 steps to uncover duplicate payments in SAP
In this blog post, I would like to show you how to uncover duplicate payments in SAP. You will encounter many “False Positives” while searching for duplicate payments. Identifying and excluding as many “False Positives” as possible to get to the real duplicate payments is a high art. Finding duplicate payments is more like looking for […]
Cashback: How the audit department pays off with duplicate payments
It is not always easy for the auditor to point out and communicate the value contribution of the audit department to the company. The audit department is often regarded as a regulatory necessity. Of course, it is much easier if the insights of an audit save money. That is why I dedicate this four-part series […]
How to identify postings during weekend
In the second part of this series, you will learn how to explicitly analyze FI documents posted during weekend in your SAP system. You will receive the technical equipment to perform adequate data analytics. Part II of the series: “FI documents posted during weekend” 1. What postings during weekend have to do with the fraud triangle2. […]