Books that are ready when the auditor calls.
Lock closed months, keep a record nobody can quietly change, and hand over a complete Audit Pack in one click. Your auditor gets read-only access, so they see everything and change nothing.
Period locking and the Audit Pack are in Full Mode for your accountant.
An audit is easier when the books were kept honestly all along.
Auditors, banks and the tax authority want to know three things: are the numbers right, can you prove them, and did anything change after the fact? Faas is built so the answers are yes, here is the document, and we can show you every change.
Rules change.How long to keep records, and what auditors or authorities require, depends on your business and the rules at the time. Confirm current rates and dates with the Royal Malaysian Customs Department, LHDN or your accountant. Faas does not give legal or tax advice. This page is general education.
What changes when the books are audit-ready
Without Faas
- Old months can be edited by anyone, so figures drift
- No record of who changed what
- Weeks of collecting reports, bank statements and receipts for the auditor
- Emailing spreadsheets back and forth
With Faas
- Closed months are locked. Changes need a dated correction
- Every posting, edit and login is recorded
- One click builds the Audit Pack with supporting documents
- The auditor logs in with read-only access
From month end to audit, step by step.
Close the month
Your accountant locks the period once the numbers are agreed. Nothing can be posted into it after that.
Correct with a journal
If something is found later, a dated reversing journal fixes it in the open period. The original stays visible.
Everything is logged
Every posting, edit and login goes into the audit log. It cannot be edited or deleted.
Build the Audit Pack
One click bundles the reports, journals, bank reconciliations and supporting documents. Invite the auditor with read-only access.
Lock the month. Fix mistakes in the open.
Once a month is locked, nobody can post, edit or delete inside it. If an error turns up later, your accountant posts a reversing journal dated in the open period, so the history stays honest and the figures that were reported stay the same.
- Lock by month or by financial year
- Corrections are dated reversing journals, never silent edits
- The locked figures match what was reported
A record that cannot be rewritten.
Every posting, edit, lock and sign-in is written to the audit log, with who did it and when. Entries cannot be edited or removed, and the log can be exported. It is what lets you answer "who changed this?" with certainty.
- Who, what and when for every change
- Cannot be edited or deleted
- Exportable for your auditor
The Audit Pack, in one click.
Instead of weeks of collecting reports, Faas bundles what an auditor normally asks for: trial balance, general ledger, profit and loss, balance sheet, journals with source references, bank reconciliations, ageing, the fixed-asset schedule, the tax summary and the supporting documents.
- Every journal traced to its source document
- Bank reconciliations and ageing included
- Original receipts and invoices attached
Audit Pack
Let the auditor in. Without risk.
Invite your auditor or accountant by email. Read-only means they can look at everything and cannot change a single figure. You can remove their access when the audit is done.
- Read-only auditor role
- Invite and remove in a few taps
- Every login recorded in the audit log
A calm audit season.
When the books were kept clean all year, audit season is a conversation, not a scramble. Documents are attached, changes are logged and periods are locked.
- No hunting for receipts
- No unexplained changes
- Share the Audit Pack link and relax
Audit words, explained simply.
Three terms you will hear from your accountant.
Period locking
Closing a month so it cannot be changed.
Reversing journal
An entry that undoes an earlier one, dated in the open period.
Audit trail
The record of every change.
Questions about audit-ready books
Can I unlock a period?
What goes into the Audit Pack?
Can the audit log be edited?
Does Faas replace my auditor?
Who can see the Audit Pack?
How long are records kept?
Start using Faas for free.
See what it feels like when the books look after themselves.