Statement Reconciliation Audit

Statement Reconciliation Audit

Statement Reconciliation Audit

In the fast-paced and challenging arena of Accounts Payable, pressure is mounting on departments to perform more roles more efficiently. As such, it has become increasingly difficult for Accounts Payable departments to perform thorough, or even any reconciliations, of supplier statements against live ledgers.

Audit Partnership’s comprehensive Statement Reconciliation Audit offers a full review of all supplier statements aiming to identify, investigate and recover any outstanding credit entries, overpayments and incorrect postings. Significant revenues can be lost in the Accounts Payable process when invoices no longer outstanding on statement are paid. Therefore, performing this review can return a good level of profit back to your bottom line, whilst providing you with the comfort that supplier balances and liabilities are all fully accurate. We provide a no risk, non-intrusive, end-to-end recovery audit solution, that delivers maximum recoveries and unrivalled audit coverage.

Benefits

There are a number of benefits to performing this audit including:

  • Bringing additional monies to your bottom line
  • Ensuring accurate supplier balances and liabilities for reporting purposes
  • Removing the burden from Account Payable, allowing them to focus on current issues
  • Reducing the number of supplier queries.