See the opinions of those who used our online expert system!
With the maximum use of 24iValue, you will get additional days for other tasks or additional free time. The ease to operate 24iValue will reduce the need for external accounting consultancy and thus will reduce the costs of consulting services. The largest savings are available when you select unlimited access to all modules all year round.
External bookkeeping office about 24iValue system
Support for accountants
Accountant and auditors about 24iValue system
Easier to check calculations
I'm an accountant in an accounting company and I work with customers of different sizes. I know areas that are always difficult irrespective of the type of customer. Although in our office I can always be assisted by my colleagues, sometimes I need to get additional assurance that I have made no mistake and that may take a lot of time.
With 24iValue I found assistance in accounting areas that in my opinion are difficult and time consuming. What I liked especially was the method to check deferred income tax and cash flow statements. Additionally, I noticed that it is extremely helpful that the system is available round the clock through the year and that I can get assistance whenever I need it.
I was afraid that I would not be able to do the impairment test on my own, but with 24iValue I did manage and within just one hour. Obviously, to do the test you need to collect some information but it was easy afterwards. I input the data and the program calculated the useful value of fixed assets and even calculated the discount rate.
The great advantage of working with 24iValue was the possibility to export test results to pdf and excel. Such printout clearly shows the data I was verifying, the values calculated by the system and conclusions. Now I can demonstrate immediately to my managers and customers that there is no material error in my calculations and I am supported with a document from an independent system.
With 24iValue I found assistance in accounting areas that in my opinion are difficult and time consuming. What I liked especially was the method to check deferred income tax and cash flow statements. Additionally, I noticed that it is extremely helpful that the system is available round the clock through the year and that I can get assistance whenever I need it.
I was afraid that I would not be able to do the impairment test on my own, but with 24iValue I did manage and within just one hour. Obviously, to do the test you need to collect some information but it was easy afterwards. I input the data and the program calculated the useful value of fixed assets and even calculated the discount rate.
The great advantage of working with 24iValue was the possibility to export test results to pdf and excel. Such printout clearly shows the data I was verifying, the values calculated by the system and conclusions. Now I can demonstrate immediately to my managers and customers that there is no material error in my calculations and I am supported with a document from an independent system.
Verification of calculations of current deferred income tax and cash flows are time consuming audit elements. The variety of customers I handle as auditor make it difficult to set a routine procedure suitable for all occasions. Unfortunately, deferred income tax and cash flows are areas of financial statements with which customers most often have problems as they do not calculate them frequently. Hence, the inherent audit risk is increased in this case. So far I have not found a tool in the market that would support auditors in that respect.
I have used 24iValue, initially without being convinced that the area could be somehow managed and that a tool could be developed to make auditor?s life easier. However, using real examples I soon found out I was wrong. I checked the system several times and I made sure that the results were compliant with what I had calculated earlier in the traditional way. Now I use the 24iValue service to verify cash flows and to verify tax calculations. I see much support here. I have noticed that with a well prepared medium-sized customer, the verification of both areas takes about one hour.
I like the way of documenting the testing results. In practice, the documentation of the tax and cash flow calculations can be placed in the audit documentation file and does not require any major modification, it increases the quality of the audit test and reduces the time to prepare the required working papers.
An auditor?s hand can be traced in almost each element of 24iValue. Focus is not on theory but on fast solving of problems encountered by auditors during their work; with 24iValue the efficiency of audits is improved without harm to quality. Now I have more time for other tasks and I can support my customers better.
This is a tool that indirectly improves the efficiency of audits ? when the customer also uses it, savings are doubled. If the customers verifies their data with 24iValue before submitting to audit, I spend less time correcting errors. It is a gain for everybody and the quality of financial statements can only be better.
I have used 24iValue, initially without being convinced that the area could be somehow managed and that a tool could be developed to make auditor?s life easier. However, using real examples I soon found out I was wrong. I checked the system several times and I made sure that the results were compliant with what I had calculated earlier in the traditional way. Now I use the 24iValue service to verify cash flows and to verify tax calculations. I see much support here. I have noticed that with a well prepared medium-sized customer, the verification of both areas takes about one hour.
I like the way of documenting the testing results. In practice, the documentation of the tax and cash flow calculations can be placed in the audit documentation file and does not require any major modification, it increases the quality of the audit test and reduces the time to prepare the required working papers.
An auditor?s hand can be traced in almost each element of 24iValue. Focus is not on theory but on fast solving of problems encountered by auditors during their work; with 24iValue the efficiency of audits is improved without harm to quality. Now I have more time for other tasks and I can support my customers better.
This is a tool that indirectly improves the efficiency of audits ? when the customer also uses it, savings are doubled. If the customers verifies their data with 24iValue before submitting to audit, I spend less time correcting errors. It is a gain for everybody and the quality of financial statements can only be better.
I am the chief accountant in a manufacturing company; the team I supervise is not large but there is a lot of work. Additionally there are reports to the foreign shareholders. If I cannot have consultants, I must keep learning all the time. However, it is very hard to find enough time for so many tasks.
With 24iValue I have been checking cash flows and deferred tax. I was doing it myself in the way my auditor did. The system provides support with frequent reports and fast closings; at any time I can check what I have prepared. I do not think that anybody could help me as fast as 24iValue did.
Now I am able to clarify lots doubts concerning estimates and recognition of certain transactions. It is an obvious cost saving for the company and more free time for me. With 24iValue I save minimum a few hours of work a month which gives me a full week of additional time over a year.
With 24iValue I have been checking cash flows and deferred tax. I was doing it myself in the way my auditor did. The system provides support with frequent reports and fast closings; at any time I can check what I have prepared. I do not think that anybody could help me as fast as 24iValue did.
Now I am able to clarify lots doubts concerning estimates and recognition of certain transactions. It is an obvious cost saving for the company and more free time for me. With 24iValue I save minimum a few hours of work a month which gives me a full week of additional time over a year.
I'm an accountant in an accounting company and I work with customers of
different sizes. I know areas that are always difficult irrespective of
the type of customer. Although in our office I can always be assisted by
my colleagues, sometimes I need to get additional assurance that I have
made no mistake and that may take a lot of time.
With 24iValue I found assistance in accounting areas that in my opinion are difficult and time consuming. What I liked especially was the method to check deferred income tax and cash flow statements. Additionally, I noticed that it is extremely helpful that the system is available round the clock through the year and that I can get assistance whenever I need it.
I was afraid that I would not be able to do the impairment test on my own, but with 24iValue I did manage and within just one hour. Obviously, to do the test you need to collect some information but it was easy afterwards. I input the data and the program calculated the useful value of fixed assets and even calculated the discount rate.
The great advantage of working with 24iValue was the possibility to export test results to pdf and excel. Such printout clearly shows the data I was verifying, the values calculated by the system and conclusions. Now I can demonstrate immediately to my managers and customers that there is no material error in my calculations and I am supported with a document from an independent system.
With 24iValue I found assistance in accounting areas that in my opinion are difficult and time consuming. What I liked especially was the method to check deferred income tax and cash flow statements. Additionally, I noticed that it is extremely helpful that the system is available round the clock through the year and that I can get assistance whenever I need it.
I was afraid that I would not be able to do the impairment test on my own, but with 24iValue I did manage and within just one hour. Obviously, to do the test you need to collect some information but it was easy afterwards. I input the data and the program calculated the useful value of fixed assets and even calculated the discount rate.
The great advantage of working with 24iValue was the possibility to export test results to pdf and excel. Such printout clearly shows the data I was verifying, the values calculated by the system and conclusions. Now I can demonstrate immediately to my managers and customers that there is no material error in my calculations and I am supported with a document from an independent system.
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