Audit
How to Get Your Business Audit-Ready
Quick answer
Clean ledgers, reconciled balances and a tidy document trail make audits faster, cheaper and far less stressful.
Table of contents (5 sections)
An audit goes smoothly when the groundwork is done during the year. These steps help any business prepare.
Close books monthly
Record transactions promptly and close each month. Year-end becomes a review, not a rebuild.
Reconcile key balances
Bank, GST, TDS, receivables, payables and inventory should reconcile to supporting records.
Organise documents
Keep invoices, agreements, fixed-asset records and board approvals in a structured, searchable folder.
Review internal controls
Simple controls — approval limits, segregation of duties and access rights — reduce errors and audit queries.
Frequently asked questions
When should audit preparation begin?
Ideally at least two to three months before the year-end, with monthly closing throughout the year.
