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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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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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Latest product news — July 2022

Xero

This enhancement means you can make adjustments that are not sent back to the general ledger from within the return. We’ve also included a downloadable capital gains report to show breakdown of disposals for CGT. . Improve your workflows in Xero Tax — UK. We’ve recently made a number of enhancements to the features in Xero Tax.

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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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Steps to ensure a seamless EOFY in Xero Payroll

Xero

One way to do this easily is by generating the Payroll Activity Summary report and comparing it with the General Ledger report. If your organisation is reporting under STP Phase 2, the CSV report you download from the finalisation screen will show disaggregated amounts (e.g. That’s it – you’re all organised!

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