Cygnet Audit Compliance Solution
Empower Your Internal Audit Team With Cygnet Ace To Rectify All Discrepancies
Introduction
GST audit is a compliance requirement for companies with revenues over 5 crores in the financial year. The audit which has to be certified by a CA or a Cost Accountant which consists of reconciliation between the books of accounts and the GST returns filed in the financial year. Any discrepancies need to be recorded with due reasoning
Cygnet Audit Software Ensures That You Are Well Prepared For The GST Audit
The application reconciles your sales and purchase data before the external audit. It imports data, reconciles with the returns filed on GSTN & generates comprehensive reports.
The solution notifies mismatches during the reconciliation between GL & register as well as GL and GSTN. Cygnet ACE brings more transparency to your own data.
Solution Features
Comparison
It offers 3-way mis-match identification for invoices along with reconciliation reports for ERP GL to Register & ERP GL to GST returns
Data Extraction
We offer data connectors to connect with any ERP system. The system auto-populates data from multiple financial sources and processes the extracted data.
Audit 360
The tool reconciles Purchase/sales register with GST return data. Provides 360 degree internal audit and takes immediate action incase mismatches are identified.
Multi Organization & Location Model
The solution allows you to manage more than one business including multiple business locations.
Reports Generated
GSTR 3B Vs GSTR-1 (TAX Comparison)
GSTR-3B Vs GSTR-2A (ITC Comparison)
Missing Invoice & Erroneous Credit Report
Turnover Reconciliation
RCM As per Books Vs GSTR-3B
Incorrect Unavailed Input Tax
Reports Generated
- GSTR 3B Vs GSTR-1 (TAX Comparison)
- GSTR-3B Vs GSTR-2A (ITC Comparison)
- Incorrect Unavailed Input Tax
- Turnover Reconciliation
- Missing Invoice & Erroneous Credit Notes Report
- RCM As per Books Vs GSTR-3B
