By 4 June, 2021 November 22nd, 2022 Accounting, Checks, Result status

Your fiscal year is coming to an end and it’s time to do your taxes? Collabox saves you time and money. With just a few clicks, you can view your income and expense status for a year. This is called the income statement. But before viewing this report, you must verify your invoices and disbursements.

The check makes it possible to identify discrepancies between the data of invoices and disbursements. Without this step, the income statement produced could be incorrect.

How to do an audit?

You must first access the accounting module by clicking on its icon.

Then click on “Verification” in the side navigation menu.

In the drop-down menu, choose “Full year”, the year you want to display as well as “Invoices” or “Disbursed”. Both are to be verified. So start with the first one.

Collabox then checks all the information and lets you know where there are differences.

When it comes to bills, you see all the unbalanced ones. That is to say when the amount of the invoice sent to the customer does not correspond to the accounting portion.

Match the two amounts and you’re done.

Regarding disbursements, Collabox will only report those with contradictory elements as in the example below.

Once the verification is complete, you can now view your income statement. To do this and still in the “Accounting” module, click on “Income statements”.

The summary of your income and expenses is then displayed according to the various budget items.

Watch several videos on our Youtube channel and visit our Tips and Tricks section in the Blog to continue your Collabox configuration!

If you have any questions, please contact us and we will be happy to answer you. (418) 907-9274