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In years past, auditors could show up at your door asking to look at your records. Many audits are conducted remotely, and an auditor never visits your office. Auditors can tap different data sources to select audits more accurately based on the level of risk, and to use new tools to automate the repetitive tasks of an audit.
States frequently introduce new sales tax returns, such as Colorado and Minnesota for their new retail delivery fees. Generalledger management Your GL is a key reconciliation point to make sure you’re capturing all sales tax that you’re remitting and that you get the credits and adjustments you have coming, such as vendors’ discounts.
In that capacity, Urban was responsible for maintaining the company’s generalledger, preparing financial statements, and reconciling the company’s accounts payable and receivable and bank statements. I sincerely apologize to both women for my behavior. It was inappropriate.”
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