What is it?
The Horizon General Ledger Audit package provides MRI Software clients the opportunity to review their general ledger processes within the Horizon Application in order to identify where any improvements can be made. This is achieved by the MRI consultant reviewing the processes on-site or over videoconference (whichever is most convenient) with key users of the relevant business processes. The MRI consultant will provide documentation of suggested areas of improvements, which ideally will be using the existing functionality in different ways but may include version upgrades or taking on new functionality. The audit will be on a fixed price basis of a day review with client and day report production. It may not be possible to cover the entire agenda in the time available, i.e. due to the complexity of the client’s business, in which case MRI will make follow-up recommendations in the resulting report.
What’s included in this package?
- Review of the following processes with the client:
- How are analysis codes being used
- Are analysis codes linked to the correct invoice approval type
- Are there any analysis codes acting in an unexpected way or not configured correctly
- Does the chart of accounts need to be amended
- Do new chart of account codes need to be created
- Do multiple chart of accounts needs to be created
- Do multiple analysis structures need to be created
- Are chart of account codes using the correct accounting rules
- Have chart of account codes been correctly linked to groups
- For IFRS 16 does the individual lease GL override need to be used
- Do account rules need to be amended
- Do new reporting categories need to be created
- Do new account rules need to be created
- What GL journals are being posted
- Is the GL upload template being used for any transactions being posted
- Are journal uploads loaded in, then finalised in Horizon or posted direct to Horizon
- Is vat reporting used and are vat periods set up correctly
- What is the month end closing period
- How are errors reviewed when closing periods down
- Which reports are being used for the following scenarios. Checking the trial balance, reviewing GL transactions, checking control accounts, checking GL postings, reviewing straight lining, reviewing IAS 17, and reviewing IFRS 16
- Overview of functionality / usability with client
- Change to a property or charge type trial balance
- Property valuation
- Currency conversion for the Horizon GL
- Currency conversion for IFRS 16
- Straight lining functionality for IAS 17 or IFRS 16
- GL budgeting
- GL reporting hierarchy
- Accounting rules
- Reporting categories
- MTD
- Reports
