Purchase Transaction Testing Done in 13 mins.

See the Purchase Transaction Testing tool in Accounts Draft: https://accountsdraft.com/platform/pu... In this video, I show the full purchase transaction testing workflow in Accounts Draft - from selecting the sample through to matching returned invoices and completing the testing. Accounts Draft can: • Upload and process a nominal ledger • Help identify the relevant purchase, cost of sales and expense nominal codes • Select transactions using random or proportional sampling • Automatically include eligible transactions above performance materiality • Generate an Excel audit working paper showing how the sample was selected • Create a separate Excel sample ready to send to the client • Match returned invoices and supporting evidence to the selected transactions • Extract and compare invoice details • Check whether purchases fall within the accounting period • Handle foreign-currency invoices and normal exchange-rate differences • Produce the completed testing ready for your audit file In the video, I take you through the process in around 13 minutes. Try Purchase Transaction Testing: https://accountsdraft.com/platform/pu... Accounts Draft: https://accountsdraft.com #Accounting #Audit #AI