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To make sure your bank registers balance to your cash account in GL, there is a business rule that you have to understand so that reconciliations run smoothly. Business rules configure how the database is able to operate according to your business office...
Nothing is more frustrating than when you run your Balance Sheet and the bottom line is out-of-balance . So here you are with an out of balance Balance Sheet that you need to have to your board in an hour, or, even worse, an hour ago. What should you...
At some point we all need to perform the dreaded reconciliation process. It can go smoothly, especially if you reconcile on a regular basis, or can be a headache if you don't reconcile regularly and have inconsistent data entry. The Transaction Business...
The ending balance on the Trial Balance does not match the Balance Sheet. What is going on here? Have any of you ever experienced this frustration? I’m sure you have. There is a valid explanation for this discrepancy: mock close. As a refresher, mock...
A pain point with a lot of our customers with the optional module, Cash Management, is the dreaded bank reconciliation...dunh DUNH DUNH . Here's the thing, this is an easy process when you balance , but can be a huge headache when you don't. For...
After your audit is complete, there are some things you need to do before actually closing the fiscal year. The process includes creating, printing, and comparing the Trial Balance, Income Statement, Balance Sheet, Statement of Activities, and the General...
Tax season is never a fun relaxing time whether you are an employer preparing W-2s or an employee filing your taxes. I can't help with filing your individual taxes, but I can help save you a headache or two when preparing your W-2s. My key advice...
Here in Financial Edge support, one of our biggest challenges is helping our clients reconcile their databases. This topic puts us in what you could call a gray area of our scope of support. The scope of support basically outlines what we can and can...