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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. To learn more, download our latest eBook – How to Prepare Your Business for a Potential Audit. To avoid such scenarios, here are the types of documentation typically required by auditors to conduct a thorough review: 1.

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How Government Contractors Can Master the Art of Timekeeping

CPA Practice

The integration of timekeeping data with the general ledger, as stipulated by DFARS and the Standard Form 1408 Preaward Survey, ensures a seamless flow of information from time recording to financial reporting. This aspect underscores the system’s flexibility while maintaining its rigor.

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Accounting on Salesforce Guide

Accounting Seed

Everything from the lead to the general ledger can be done in a matter of clicks in a single view. Download the guide » The post Accounting on Salesforce Guide appeared first on Accounting Seed.

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Technology-Mature Firms Can Earn Up to 39% More Revenue Per Employee

CPA Practice

Download the full 2024 Accounting Firm Technology Survey to view detailed data. Firms that rank themselves high on the continuum appear to be harnessing the power of connected, collaborative and cloud-based technologies (see sidebar) to significantly earn more—on average, 39% more per employee.

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Six tips to respond to a sales tax audit

TaxConnex

You can expect to have to provide copies of your filed returns and supporting data (including sales journal, exemption certificates and general ledger data supporting the returns). For more, download our eBook, Top 10 Tips for Managing Sales Tax Audits. Presenting your information is a balance.

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Case Study: Scaling Financial Success with Dynamics 365 Business Central: A Labor Union’s Transition from Quickbooks

Withum

Download a PDF of this case study. The Results and ROI Optimizations to the Chart of Accounts and dimensions led to a remarkable 20% reduction in General Ledger accounts. Additionally, it streamlined and facilitated intercompany transactions, reducing the risk of human error, and improving overall process efficiency.

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Cost and Revenue Analytics Case Study: Connecticut State Colleges and Universities (CSCU)

Cherry Bekaert

general ledger, payroll, assets) and operational (e.g., Download Case Study Questions? The model development process started at the community college level, but the high-level implementation approach for the community colleges and universities were comparable. enrollment) sides of the house.