Cash Withdrawals/Deposits to Bank
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Cash Deposits and Withdrawals are scrutinised based on their respective dates recorded in the books. Tally.ERP 9 Auditors’ Edition provides a feature to track anomalies in such transactions and help the Auditor to review them.
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Few examples of such irregularities which can be tracked using this feature are:
1. Transactions where cash is withdrawn from the bank, and recorded in the Books of accounts
at a later date
2. Cash deposit details recorded in the book of accounts but deposited in the bank at a later
date
Highlights:
• Exception report showing the difference of days between recording of transactions and bank
statement for both withdrawals & deposits
• Option of reconciling cash withdrawals and deposits with missing bank details
Benefits:
• Track probable misuse of cash funds
• Track and analyse gaps in the transaction process
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