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Zoho Books - Trigya Innovation

Zoho Books maintains a log of every change that is made to a record in the application, such as a contact, sales or purchase transaction, invoice or bill, journal, or even a setting. Along with the nature of the change, it also saves the timestamp and the details of the user who performed the action. https://www.trigya.co/<br>

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Zoho Books - Trigya Innovation

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  1. Introducing Audit Trail In Zoho Books Trigya Innovation

  2. Trigya Innovation On March 24, 2021, the Ministry of Corporate Affairs issued a notification instructing companies using accounting software to choose software that can record an audit trail of every transaction that they carry out. This rule comes under the Companies Amendment Rules, 2021, and will be enforced starting 1 April 2021. The key takeaway from this rule is that the accounting software that companies use to maintain their books must:

  3. Include the ability to record an audit trail of every transaction that takes place. • Create an edit log of each change happening in the books, along with the date and user details. • Ensure that the audit trail cannot be disabled.

  4. Capabilities of the audit trail feature in Zoho Books Zoho Books maintains a log of every change that is made to a record in the application, such as a contact, sales or purchase transaction, invoice or bill, journal, or even a setting. Along with the nature of the change, it also saves the timestamp and the details of the user who performed the action. If a record is changed multiple times, the audit trail shows every version that has been created, not just the most recent. The user can compare multiple versions and track specific data that has been added, removed, or modified.

  5. A step in the right directionThe Government’s rule enforcing the use of audit trail for transactions recorded in accounting software is a positive step in curbing transaction fraud. While the rule is important, it is up to companies to choose the right software that offers this capability. Zoho Books’ audit trail helps companies stay compliant with the norms introduced by the Government to prevent unrecorded transactions and fraud.

  6. Trigya Innovation Want to setup Zoho Books ? Get in touch with us. https://www.trigya.co/📞 +91 87501 91259 📩 info@trigya.co Facebook: https://www.facebook.com/469541193856958 Twitter: https://twitter.com/trigya_innovate Instagram: https://instagram.com/trigya_innovation

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