A review of transactions at invoice totals level
Invoice Level Audit is the core service offered by Lexona. It involves a review of transactions at the “invoice totals” level of detail.
The objective is to identify invoices paid to the wrong supplier, paid in duplicate to the same supplier and under recovered VAT.
It is normal to include with this a circularisation of suppliers to help identify unrecorded credits for pricing and returned goods. This can help meet the increased reconciliation requirements arising from Sarbane-Oxley compliance standards.
Lexona will examine 100% of transactions within the statute of limitations i.e. up to six years old, offering periodic or continual review cycles.