Payments & Co.: The questions that you should always have been asking yourself about the payment run in SAP
We are all familiar with it, and most probably all of you use it, but perhaps only some of you have ever asked yourself the question: How do you audit it? What we are talking about is nothing less than the payment program in SAP. In this article, we explain the issues involved and how […]
Are your receivables in the right place in the balance sheet?
Entering business transactions in the correct accounts is one of the basic requirements for proper accounting. In today’s blog post, we will therefore consider the correct way of entering receivables in SAP. I will show you how you can check in SAP whether your receivables accounts contain similar business transactions or whether postings are being […]
Tax trap @ its best: Late invoicing not only means you get paid later…
…but that the tax office does too. Here, once again, what we are talking about is, of course, sales tax. We will shed light on when sales tax is actually incurred and is thus to be declared accordingly… and how you can find out in SAP whether you are behind with sales tax. Because, for […]
Uncovering disguised profit from sales tax in SAP
When the tax auditor comes to visit, there are always a number of challenges that need to be overcome. In some exceptional cases, however, the auditor’s visit is not necessarily announced beforehand, which is precisely why you should read this article carefully. To mention all the challenges here would definitely go beyond the scope of […]
Has your goods receipt/clearing account also degenerated into a garbage dump?
A good purchasing process in SAP uses a goods receipt/clearing account (GR/IR account) to always have an overview of the goods you have already received and for which you have already received an incoming invoice. In practice, unfortunately, I am forever seeing eternally open positions in this account, i.e. what basically amounts to an “accounting […]
Tax trap @ its best: How it is easy to fall into the trap of sales tax
Sales tax issues are complex and often unpopular with auditors – unless they come from the tax office itself that is! So, it’s better to be aware of the pitfalls. Sales tax credit notes are invoice documents that are issued by the company itself and are used to invoice an incoming service. In a sense, […]
Financial Process Mining and Compliance in Process Models
With the new release of zap Audit, the process visualization module has been completely overhauled and now has a fresh new look. From now on, findings from our automated data analysis are displayed directly in the process model, so that you as an auditor can evaluate the findings in the context of the process to […]
Things are on the move in logistics – 3 quick wins in materials management
In auditing, the focus is frequently on financial accounting and the commercial processes of purchasing and sales. But there are of course other business processes that are worth considering. This time we are therefore going to take a look at SAP logistics and identify where you can make the simplest quick wins in auditing. We […]
Putting a stop to Process Outliers: How to find Deviations in Purchase-to-Pay
Normally, outliers are referred to as extreme values that deviate highly from other observations. The causes of this can be manifold and range from fluctuations during measurement and experimental errors to more novel types of phenomena. In the following case, however, it is rather down to a lack of knowledge, omission or simple laziness in […]
2 steps to analyze inventory differences in theft-sensitive goods
Inventory differences are troublesome in many ways. After determining differences, it is often necessary to do a recount just to find out that there are some goods in the corner of a warehouse corner somewhere that nobody had thought of. At least any direct impact on profit and loss will have been avoided however. Still, […]