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Benefits of Matching Financial and Non-Financial Data

Withum

Healthcare-related not-for-profits have a myriad of different funding sources that support operations. With all these different funding sources, it is imperative that healthcare-related not-for-profits have a general ledger system that can support both financial reporting and operational efficiency.

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Top Tips to Prepare for an eCommerce Audit

TaxConnex

Tangible personal property (TPP) is generally taxable unless the specific type of TPP you sell is identified as non-taxable by statute or the client has a valid exemption certificate (see note below). For example, accepting a resale exemption certificate from a non-profit claiming an exemption might not be appropriate.

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

Withum

Executive Summary To modernize their technology, enhance financial insights and streamline operational efficiency, a not-for-profit organization partnered with Withum to successfully implement Microsoft Dynamics 365 Business Central ERP. They have multiple legal entities, including a not-for-profit. Download a PDF of this case study.

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Latest product news — July 2022

Xero

If you have up to 100 active tracking options in a single category in your organisation, you’ll now have the option to use our tracking common format report in the side panel of the Profit & Loss (Income Statement) report, rather than building it from scratch. Adjust your VAT flat rate scheme returns — UK.

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6 Signs You Are Outgrowing QuickBooks 

Withum

Compared to the need of having multiple QuickBooks files for each entity, with Microsoft Dynamics Business Central you can house multiple entities with their own General Ledger all within a single environment. This allows you to easily switch between each entity, as well as send intercompany transactions to your other entities.

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Vocabulary Guide

Accounting Seed

Topics Billing & revenue Payables & expenses General ledger Financial reporting Project accounting Multi-company Multi-currency Taxation Orders & inventory Billing & revenue Account / Customer Textbook Definition Customer master record used to record billing addresses, payment terms, etc.

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AI Systems Take Center Stage in 2023 Innovation Awards

CPA Practice

Our software vendors are working non-stop to create the tools we need to do our jobs more effectively,” said CPA Practice Advisor Editor-in-Chief Gail Perry, CPA. “We In the past two years, BILL has listened to customer feedback to create new features that bring greater control, efficiency and profitability to accounting professionals.