Bee invoicing timesheet how to#
Bee invoicing timesheet verification#

It is crucial that the data collected is matched by the correct and valid documentary evidence.

Bee invoicing timesheet verification#

If the data collected and supporting documentation are not correct, the BEE scorecard/certificate will not yield the desired outcome and the results will be skewed.ĭocumentation required for Verification and compiling a verification file. Understand the data required for Verification and completing a BEE verification file.

Bee invoicing timesheet how to#

Identifying key stakeholders in the verification process and how to manage them.Ī successful verification outcome is a collective effort, and so it is essential that key stakeholder efforts are aligned. The BEE verification is similar to a financial audit, and thus it is crucial to understand the links between the two processes. It is vital to understand how verification agencies (VAs) will interpret and apply new requirements under the Revised BEE Codes, to ensure compliance, strategic alignment, and implementation.Īudit principles as part of the verification process. Updated industry interpretation of new requirements in the Revised BEE Codes of Good Practice. The benefits of preparing for your BEE audit and consulting with a BEE consultant are as follows: We will need a power of attorney signed prior to the audit so that we can engage directly with the verification agency. Transcend Corporate Advisors is your trusted advisor that can assist you with your BEE Audit journey by helping you understand the verification process resulting in an efficient and accurate verification. The B-BBEE Rating Agency shall ensure that all dealings are direct with the Measured Entity and not a third party.Chat to your BEE consultant to double-check your: score interpretations, supporting documentation, and process.Īs per SANAS R47-03 Accreditation of B-BBEE Rating Agencies document states the following:.Changes to legislation are understood as well as assessed for impact on your scorecard.An independent/in-house BEE score is calculated pre-audit for you to better address any variances during an audit.Interpretative stances on legislation are understood and signed off by your verification agent.The correct supporting documentation for all your BEE claims is in place.Not meeting the YES requirements and therefore affecting the level enhancementīefore starting your BEE Audit verification, it is important that:.Not reviewing the draft audit results against the company forecast and liaising with the verification agent.Not meeting the BEE audit timelines of a particular verification agent.Inability to provide the required supporting BEE documentation to the verification agent.Not understanding the BEE audit process.

The above can be because of several factors but not limited to the below: The process is challenging as it is not easy to manage the audit remotely, and as a result, the final certificate might not reflect the time and resources spent to achieve the desired BEE outcome through your BEE strategy.Ĭompanies that have participated in the Youth Employment Service or YES program have experienced additional challenges as a result of the pandemic with some requirements not being met.