Helping you better manage your internal controls;
For: Xero + MYOB
Watchful Eye was built to give Accountants better visibility of what is happening inside
Xero & MYOB to help improve internal controls & reduce the risk of errors & fraud
Features
Watchful Eye has many features to highlight:
- how well your accounting function is working
- anomalies in your transactions &
- relationships across the data
The five highlighted features are a great starting point for reducing your risk of errors & fraud while also providing a mechanism to manage some key internal controls
Alerts
Watchful Eye has 19 alerts you can choose from to highlight transaction anomalies or new records
The Alerts can be used to ensure your internal controls are being undertaken
Checking Invoices with GST are from GST Registered Suppliers
In Australia Only, Watchful Eye now checks Supplier Invoices with GST deducted to make sure that the Supplier is GST registered
Generate Payments from within Xero + MYOB
Watchful Eye reports on how many payments were made from Xero + MYOB
Having all your payee bank accounts in your accounting system allows us to give visibility of suppliers & employees with similar bank accounts
Always Attach Supplier Invoices in Xero
Watchful Eye reports on which Supplier Invoices do not have attachments so you can ensure supporting documentation is added to Xero for all Supplier Invoices
Ensure Employee data is in Xero + MYOB
If you use Xero or MYOB Payroll your employee data will be in the accounting system already, if you use another Payroll system Watchful Eye has a feature to load this info into Watchful Eye so it can be analysed against the accounting system data. Highlighting any potential relationships between your Employees and Suppliers & Customers