{"id":2835,"date":"2013-03-13T10:54:14","date_gmt":"2013-03-13T10:54:14","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=2835"},"modified":"2025-07-18T06:23:13","modified_gmt":"2025-07-18T06:23:13","slug":"monthly-audit-methodology-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/03\/13\/monthly-audit-methodology-in-sage-300-erp\/","title":{"rendered":"Monthly Audit Methodology in Sage 300 ERP"},"content":{"rendered":"

Many organizations follow monthly audit to ensure their accounting books are up-to-date, as a result their accounting data does not have any glitches or mismatch at the end of the year.
\nSage 300 ERP (formerly Sage Accpac ERP), helps users with monthly auditing with its inbuilt reports, which helps user to audit accounting data with an ease. However, sometimes Users may come across situations, where either of the below mentioned conditions can occur in Sage 300 ERP;<\/p>\n

1.<\/strong>\u00a0In Sage 300, Sundry Creditors account does not tally with Aged\u00a0Payable.
\n2.<\/strong>\u00a0Sundry Debtor does not tally with Aged Trial Balance.
\n3.<\/strong>\u00a0Inventory does not tally with Inventory account.<\/p>\n

Locating these balances is always a difficult task for account\u2019s professionals. Hence, to avoid these types of situations, user should follow a \u201cMonthly Auditing Methodology<\/strong>\u201d which is very efficient.
\nAlso Read:<\/strong><\/span>\u00a0Be ERP Ready<\/a><\/em>
\nEven if user gets any mismatched balances, tracking this mismatch becomes easy, as users just need to go through 1-month\u2019s transaction. Therefore, monthly audit at month end is advisable.
\nBelow mentioned points will help users with an easy and effective procedure of Monthly Auditing;<\/strong><\/p>\n

1.<\/strong>\u00a0In Sage 300 ERP, run \u201cDay End Processing\u201d from Inventory Control >> IC Periodic Processing >> Day End Processing.
\n2.<\/strong>\u00a0Post un-posted batches from Account Payable, Account Receivable and General Ledger.
\n3.<\/strong>\u00a0Then run GL Trail balance report from General Ledger >> GL Reports >> Trial Balance.
\n4.<\/strong>\u00a0Locate the required accounts (credit and debt) and note the balance it displays.
\n5.<\/strong>\u00a0Run AP Aged Payable and AR Aged Trial balance reports; note down the total balance it displays.
\n6.<\/strong>\u00a0Tally Total Balance of AP Aged Payable with the Creditor\u2019s ledger from GL Trial balance.
\n7.<\/strong>\u00a0Tally Total Balance of AP Aged Trial Balance with the Debtors ledger from GL Trial balance.<\/p>\n

Following above procedure regularly, will increase efficiency while working with Sage 300 ERP. Hence, will automatically increase Users confidence, while handling Sage 300 ERP.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many organizations follow monthly audit to ensure their accounting books are up-to-date, as a result their accounting data does not have any glitches or mismatch at the end of the year. Sage 300 ERP (formerly Sage Accpac ERP), helps users with monthly auditing with its inbuilt reports, which helps user to audit accounting data with\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[70,73,282,1040,1666,2357,2451],"class_list":["post-2835","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-accounts-payable","tag-accounts-receivable","tag-audit-methodology","tag-general-ledger","tag-monthly-audit","tag-sage-300-erp","tag-sage-accpac-erp"],"yoast_head":"\nMonthly Audit Methodology in Sage 300 ERP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2013\/03\/13\/monthly-audit-methodology-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monthly Audit Methodology in Sage 300 ERP\" \/>\n<meta property=\"og:description\" content=\"Many organizations follow monthly audit to ensure their accounting books are up-to-date, as a result their accounting data does not have any glitches or mismatch at the end of the year. 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