Audits That Used To Take Days, Now Take Hours

An audit spread across four disconnected systems

The firm's auditors worked across Tally, the GST portal, TRACES and a stack of Excel sheets, pulling ledgers from one, GST returns from another, TDS data from a third, then reconciling all of it by hand before a Balance Sheet, P&L or tax audit report could even be drafted. Manual reconciliation this scattered was slow, and every manual step was another place an error could hide.

One platform instead of four

FinanceAuditor.ai brought the audit into one place: Tally data fetched directly through a connector, GST and TDS data fetched and matched automatically, and anomalies flagged before they became findings someone had to catch by hand.

Financials generated, not typed

Once the underlying data was reconciled, the Balance Sheet, the Statement of Profit & Loss and the Form 3CA/3CB-3CD tax audit report could be generated directly from it, ready to file, instead of assembled by hand from four different sources.

The result: faster audits, at a lower cost

The firm now runs audits roughly 60% faster, with about 80% fewer manual errors, a full 12 months of GST and TDS reconciled automatically, and four separate tools replaced by one.

“GST and TDS reconciliation and the tax audit report that used to take days are now ready in hours,” one auditor at the firm said.

The takeaway

The firm didn't just speed up data entry. It removed the manual reconciliation step that used to set the pace, and the cost, of the entire audit.

See the product: FinanceAuditor.ai