Zoho Books - Trigya Innovation

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Introducing Audit Trail In Zoho Books

• Trigya Innovation

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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

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• 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.

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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.

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A step in the right directionThe Governments
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.
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Trigya Innovation

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