Bank Audit Report - Empower Your Audit Analysis

Bank Audit Report Overview

The Bank Audit Report, found in the SapphireOne General Ledger Reports Menu, is designed to print a comprehensive report of all posted transactions that have not yet been reconciled within a selected Bank Account. This report is primarily utilised for audit purposes, enabling the user to choose a specific Bank Account and generate a report that itemizes the un-reconciled bank transactions recorded against that selected Bank Account. It serves as a valuable tool for auditing and verifying financial records.

How to Create a Bank Audit Report

First Alert

When you select the Bank Audit Report from the General Ledger Reports menu, an alert will appear, presenting a list of various Bank Accounts along with their corresponding IDs and Names. From this list, you have the option to choose any desired Account by either clicking on it and then selecting OK or by double-clicking on the selected bank account. This user-friendly interface allows you to easily specify the bank account for which you wish to generate the Bank Audit Report.

Second Alert

There may be a subset of accounts linked to the selected account. In this case, the user will be presented with a second similar alert that lists the linked subset Bank Accounts.

Within this second alert, the user has the flexibility to choose between the main local bank account or any of the FX bank accounts, which are subsets of the main bank account. To make a selection, simply pick the desired local or FX Bank Account, and then click the OK button. This intuitive interface allows users to specify the exact bank account they want to access for the Bank Reconciliation Report, whether it’s a local or foreign currency account.

Dictation and Speech to Text Overview

SapphireOne’s implementation of both Dictation (MacOS) and Speech to Text (Windows) is a game changer for data entry. Any data entry field you can type into using a keyboard can use this feature.

You can also use this functionality on all inquiry screens within SapphireOne. For example, the user is in a Contact within a Client. They may have made a phone call to that particular client using the Softphone technology. Consequently, this will automatically date and time stamp both the contact and the phone number you called.

As soon as the call is completed, the user has the ability to use Speech to Text (Windows) or Dictation (MacOS). They can dictate into the memo field of the CRM contact, adding as much description as they require.

Dictation and Speech to Text Procedure

This functionality applies across every single Data Entry screen. For example, the SapphireOne user is entering a Vendor Invoice (VI). Additionally, you may want to add a memo within the Vendor Invoice (VI). The user can utilise the tool and simply dictate the memo.

Another example is if the user wants to add additional lines to the General Ledger account, within each General Ledger account. When the user is completing data entry using a General Ledger, there’s always a unique memo field for each GL account line.

The user can then utilise this feature to quickly add the information they need to add. Alternatively, you may have an interview with an employee. After the interview process is completed, the user can then make notes about the employee.

Speech to Text or Dictation is an extremely powerful tool. It is something that we at SapphireOne, as well as our clients, utilise daily. It is a massive time saver.

Sorting Alert

In the next alert, you have the option to choose the order in which the transaction data will be sorted within the Bank Audit Report. Once you’ve made your sorting selection, simply click the OK button located at the bottom of the alert.

After this step, SapphireOne will promptly display the print dialogue for your operating platform, Mac or Windows, allowing you to proceed with the printing of the Bank Audit Report. This streamlined process ensures that you can efficiently generate and print the report according to your chosen sorting criteria.


Report Example (Bank Audit Report)

Below is an example of the first page of the SapphireOne Bank Audit Report. 

Accounts-General Ledger-Bank Audit Report

You can review our Blog and YouTube channel for additional information and resources on SapphireOne ERP, CRM and Business Accounting software.

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