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...don't wait until January 26 (the last week in...

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’t help you with. Traditionally, our response is very...

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. Some good news is beginning in version 7.77; we've implemented new...

I wanted to share a great reconciliation tip with you guys. In Student Billing 7, all credits and payments need to be applied to charges to ensure statements are correct. So the question is how can you tell if there's activity that needs to be applied? The first thing you need to do is create a record...

When we originally posted deposits to the system the deposit was credited to the various funds which the donations were processed to, i.e. Fund 02 checks posted to 02-1000, Fund 03 checks posted to 03-1000, etc. We wanted to have all cash transactions posted against one cash checking account, 01-1000...

For those of you whose fiscal year runs July 1 to June 30, July is probably your fun audit month. Once 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...

Hey blog readers! A pain point with a lot of our customers with the optional module, Cash Management, is the dreaded bank reconciliation...dunh DUNH DUNH . This is an easy process when you balance , but can be a huge headache when you don't. For those of you who are new to FE or Cash Management,...

Hey blog readers! Nothing is more frustrating 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 do? Well, the first thing is don't...