Remove accounting system Remove Download Remove general ledger
article thumbnail

How to Maintain Compliance Documentation for Sales Tax Audits | TaxConnex

TaxConnex

Sales Tax Accruals Ensure that sales tax is stated in your general ledger as a separate GL account number. Returns/Credits Returns and credits should be clearly identified in your accounting system. Ensure these bad debts are clearly identified and documented in your accounting system.

audit 218
article thumbnail

How Government Contractors Can Master the Art of Timekeeping

CPA Practice

government contracts account for over $700 billion annually , a significant portion of which hinges on the ability for contractors to “establish and maintain an acceptable accounting system” which includes “timekeeping” and “labor distribution.” This aspect underscores the system’s flexibility while maintaining its rigor.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Closing The Books Is Now A Lesson In Corporate FinTech Innovation

PYMNTS

The core of the close process remains the same: corroborate the numbers in the general ledger,” explained Feinstein. The advent of new technologies means corroborating data exists in more systems — [like] payroll, expenses, electronic banking records and more. Take Big Data, for instance.

article thumbnail

Best Enterprise Accounting Software

inDinero Accounting

NetSuite NetSuite is far more than an enterprise accounting system. It is designed to handle enterprise-level accounting as well as all other key business processes in a single platform. NetSuite is optimized for larger companies, and it features a customizable general ledger to help CFOs keep information organized.

article thumbnail

Best Enterprise Accounting Software

inDinero Accounting

NetSuite is far more than an enterprise accounting system. It is designed to handle enterprise-level accounting as well as all other key business processes in a single platform. NetSuite is optimized for larger companies, and it features a customizable general ledger to help CFOs keep information organized.

article thumbnail

Accounting Software for Accountants and Bookkeepers

Snyder

That’ll get the data extracted from the document straight into your accounting system. Freshbooks provides a set of accounting and bookkeeping tools and adds features that help your company run smoother. Choosing the right software for your accounting or bookkeeping business is a fundamental decision to make.

article thumbnail

147 Cloud Accounting Software Apps: The Big List

Ryan Lazanis

Connect your online accounting software to Fundbox and in a few hours, you’ll get your answer! 66) Kabbage Similar to Fundbox, Kabbage can connect with your accounting system to pull in the relevant financial data to Kabbage. Combining capital with accounting creates more options in financial management. Need it fast?