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Reports: A new version of the GeneralLedger Summary report is now available. You can drill down into the GeneralLedger Detail report , choose which accounts to show, customise columns and more. With the categorised transactions, they will have the information needed to help file their tax return.
It’s becoming essential to deliver accurate financial information to stakeholders on time. Journals can post automatically to your generalledger, and approval requests can route digitally to the right manager. With the right tech stack, you can dramatically improve the quality of your financial reports.
This will ensure your short-term cash flow projection is as accurate as possible and will help you make informed decisions about your business. A new layout for the main forms in Xero Tax (Australia only) has been introduced to improve the way you find, navigate and add information. Company accounts tax. Sticky headers.
Here’s Xero’s: Here’s QuickBooks Online’s: Tip 2: Pick 1-2 Other Cloud AccountingApps to Master Nowadays, if your accounting software tool relies on a local drive for storage and security, you’re missing out. Take all of your accounting functions into the cloud, not just your generalledger.
For small businesses today, web-based accounting software takes the cake in terms of ease of use and automation. Have all your invoices sync with your accounting software solution following acceptance. Also, opt to request credit card payment information from your client upfront to automate collections.
So if a business deals with sensitive information, like financial data, for example, choosing Mac can be a smart decision. As a business, you deal with highly sensitive information, such as your financial data, customer details, etc. It’s a common practice for small businesses to outsource their accounting to a third party.
This is incredibly important in an industry like the accounting industry that relies on accurate, real-time financial data. Because automation runs with the click of a button compared to someone having to key in financial information entry manually, you can speed up the turnaround time of your deliverables and financial reporting.
CAS services should be powered by cloud computing to automate workflows to the fullest: Xero or QuickBooks Online for the generalledger. InvoiceSherpa for accounts receivable management. For more apps, check my Big List of 147 Cloud AccountingApps. Dext or Hubdoc for expense management.
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