Use Microsoft Dynamics GP to Take the Pain and Expense Out of CPA and Bank Audits

CPA and bank audits can easily become extremely expensive business propositions--what I normally refer to as "necessary ailments". Financial audits can run into the hundreds of thousands of dollars and typically involve internal accounting resources (and perhaps other staff members) which may become strained with keeping up with day-to-day activities while assisting auditors in producing reports and recovering physical documents.

The experience of one of my customers was similar to a disorganized fire drill: the bank and CPA auditors would come in, typically every quarter, reclaim some office space, hook up some laptops, lay out some paperwork on a desk, and begin to request copies of invoices, proof of deliveries, aging reports, and purchase orders. At the same time, my client's already overworked accounting staff would storm the filing cabinets to search for...