Transaction Levy for Ontario Firms
|
|
- Maryann Wilkins
- 6 years ago
- Views:
Transcription
1 Contents About Transaction Levy for Ontario Firms Enabling Transaction Levy in System Settings Assigning a Law Society Number Adding a Transaction Levy Modifying a Levy Entry Reports Making a Transaction Levy Remittance Accounting for Transaction Levies About Transaction Levy for Ontario Firms Members of the Law Society of Upper Canada are required to pay a professional liability insurance levy for all real estate and civil litigation matters opened on or after April 1, You must submit a summary report with your transaction levy remittance. The levy on real estate and civil litigation matters (the transaction levy) is paid quarterly to the Law Society of Upper Canada. The amount is defined in PCLaw on the Provincial tab of System Settings. PCLaw recognizes that the GST on transaction levies for matters opened prior to January 1, 1999 are handled differently than those opened on or after that date. It also recognizes that the amount of the transaction levy is different on matters opened prior to January 1, PCLaw uses the matter opening date to determine how the transaction levy should be treated. Effective, January 1, 2010, the transaction levy for real estate transactions in Ontario will increase from $50 to $65. PCLaw recognizes this change, and will apply it automatically to all matters with a matter opening date of 2010 and beyond. A manual adjustment is not required within PCLaw. A levy on real estate and civil litigation matters is paid quarterly to the Law Society of Upper Canada. The amount is defined in PCLaw on the Provincial tab of System Settings. The levy is recorded in the Transaction Levy feature, and can be charged to one matter, split between two matters, or absorbed as a business expense. PCLaw uses the matter opening date to determine whether the transaction levy should be applied and at what rate. It is not necessary to change the amount or the GST category when you enter a transaction levy, PCLaw does this for you automatically. The GST rate for examples in this document is 5%. PST rate for the Province of Ontario is 8%. Transaction levies should be submitted on a quarterly basis. You must submit a summary report with your transaction levy remittance.
2 Enabling Transaction Levy in System Settings Options > System Settings > Provincial Tab Before using the Transaction Levy feature in PCLaw, the option must be enabled on the Provincial tab of System Settings. The System Settings > Provincial tab with the Ontario transaction levy enabled 1. Check Ontario to enable transaction levy entries for firms operating within the province of Ontario and to make additional fields within the Transaction (Ontario) and Volume Surcharge areas active. 2. Check Charge to Client to transfer the transaction levy cost to the client. 3. Accept in the Total box, the value of the transaction levy amounts for both Real Estate & Litigation inclusive of GST. 4. Accept in the Surcharge Percentage box, the percent paid for professional liability insurance. 5. Accept in the Average Gross Billings Over box, the amount exempt from professional liability insurance. 6. Type in the Managing Partner (or Sole Practitioner) box, the lawyer name to appear on the transaction levy reports. 7. Type in the Firm Contact box, the name of the staff member to contact if there is a need to follow up on a remittance. 8. Accept in the Liability box, the default account number of 2460 or select a G/L account nickname of your own. 9. Accept in the Firm Expense box, the default account number of 5770 or select a G/L account nickname of your own. 10. Click OK to save your work this session. Page 2
3 Assigning a Law Society Number Options > Lists > Lawyers and Rates To be able to charge a transaction levy, the lawyer must have a valid Law Society of Upper Canada Member number. This number is recorded in PCLaw in the Lawyer and Rates feature. A lawyer without a law society number will be reminded to enter one when recording a transaction levy. 1. Highlight the lawyer in the Lawyer and Rates window whose member number is to be added. 2. Click Change to proceed to the Change Lawyer Information > General tab. 3. Click the Provincial tab: 4. Check Use Transaction Levy in the Ontario area to enable the Law Society Member Number box. 5. Type in the Law Society Member Number box, the member number. 6. Click OK to return to the Lawyers and Rates window. 7. Repeat this procedure to add a member number to another lawyer. 8. Click OK in the Lawyers and Rates window to save your work this session. Adding a Transaction Levy Data Entry - Transaction Levy Transaction levy charges are added through the Data Entry pull-down menu. To help determine matters that are eligible to be charged, run a List of Clients report by each individual type of law. It is not necessary to change the amount or the GST category when you enter a transaction levy, to match the matter open date. PCLaw does this for you automatically. Page 3
4 The Transaction Levy Entry window for entering new transaction levies 1. Select Real Estate to process real estate levies and to enable the Document Registered and Acting For boxes. Select from the Documents Registered drop down list, one of the following: Deed/Transfer (DT) Mortgage/Charge (MC) DT and MC Other. Select from the Acting For drop down list, the party for whom you are acting. 2. Select Civil Litigation to process civil litigation levies and enable the Documents Filed box. Select from the Documents Filed drop down list, the type of document. 3. Select in the Matter 1 box, the nickname of the matter that the levy will apply. 4. Select in the Matter 2 box, a second matter nickname to apply the levy to multiple matters. 5. Check Charge Client to transfer the charge to the matter(s). If two matters are selected, the charge is split evenly between both matters. 6. Accept the Pay GST default of Y. 7. Accept the Total default value for Real Estate or Civil Litigation, depending on the matter opening date. This field adjusts automatically. 8. Accept the Lawyer default for the matter s responsible lawyer. 9. Select in the Explanation box, an explanation code for the levy. 10. Accept or change PCLaw s default Entry Date. 11. Click OK to post the transaction. Page 4
5 Modifying a Levy Entry Data Entry > Register > Ledger tab Once a transaction levy entry is posted, it can be changed or deleted through the Ledger tab of the Register. To be able to modify or delete the entry, the entry must be in an open month and not included on an invoice to a client. 1. Type in the Matter box, the nickname for the matter. 2. Select in the Start Date and End Date boxes, the date of the levy entry. 3. Click Select to list transactions matching the matter and date criteria. 4. Highlight the transaction levy entry. 5. Click Remove to remove the entry. 6. Click Change to change the entry using the Correct Transaction Levy window. 7. Click Save and Close to save your work this session. Reports The Ontario transaction levy feature contains three reports, Transaction Levy - Detail, Transaction Levy - Summary, and Volume Surcharge Summary. This section provides only a summary of these reports. Transaction Levy - Detail Report Reports > Transaction Levy > Transaction Detail Use this report to show the individual transaction levies entered into PCLaw for a given period of time. Run the report quarterly to produce a list of transaction levy charges for your firm records. This report includes transactions created using the Transaction Levy feature. If your firm handles more than one of real estate, civil litigation, and private property matters, print the report separately for each category. Transaction Levy - Summary Reports > Transaction Levy > Transaction Levy Summary Use this report to provide a summary of the transaction levy entries for quarterly remittance purposes. In addition to telling you how much money to remit, you can use the report as a remittance form. Volume Surcharge Summary Reports > Transaction Levy > Volume Surcharge Summary Use this report to provide you with volume surcharge information. PCLaw calculates your average gross billings by dividing the gross billings amount by the average number of lawyers in your firm who are members of the Law Society of Upper Canada. If the average gross billings amount exceeds $125,000.00, PCLaw determines the volume surcharge by multiplying the average gross billings by the average number of lawyers. The result is multiplied by the surcharge percentage. Making a Transaction Levy Remittance Use the General Cheque feature to make your remittance to the Law Society of Upper Canada. Include a copy of the Transaction Levy - Summary with your remittance. The Transaction Levy - Summary should be dated and signed. Page 5
6 Producing a Transaction Levy - Summary Reports > Transaction Levy > Transaction Levy Summary Use this report to provide a summary of transaction levy entries for the quarterly remittance. The Common tab for running the Transaction Levy - Summary report 1. Select Real Estate to include all transaction levies entered for this category. 2. Select Civil Litigation to include all transaction levies entered for this category. 3. Select the Start Date of the quarter to be submitted. 4. Select the End Date of the quarter to be submitted. 5. Check Printer to produce a hard copy of the report. 6. Click OK to produce the report. Creating the Remittance Cheque Data Entry > General Bank > Cheque When issuing a cheque for the remittance, choose the Provincial (Y) Category from the Pay GST selection list. Allocate the cheque to the Transaction Levy Payable (2460) G/L account. 1. Type The Law Society of Upper Canada in the To box. 2. Select the Date of the remittance. 3. Type in the Amount box, the remittance amount from the Transaction Levy - Summary. 4. If there are matters opened prior to 1999: In the Pay GST box, type or select Y. The Transaction Levy - Summary calculates the GST amount for all matters dated prior to Each matter opened prior to 1999 is required to pay $3.04 in GST per $50 in levies. In the GST box, type this amount. 5. If there are no matters opened prior to 1999: In the Pay GST box, type or select N. 6. Type in the Explanation box, Transaction Levy Remittance. 7. Leave the Matter column blank. 8. Leave the GST column blank. 9. Accept in the Explanation column, the default text from the cheque area. 10. Accept in the Amount column, the default value from the cheque area. 11. Select in the G/L Account box, the Transaction Levy Payable G/L (2460) account. 12. Click Print to print the cheque. 13. Click OK to save the cheque. Page 6
7 Accounting for Transaction Levies The manner in which a transaction levy affects the client ledger is dependent upon whether the cost is transferred to a matter, and if so, the matter open date. For Real Estate matters opened after January 1, 2010, the levy is $65, inclusive of PST. GST is added at the time of billing. For Real Estate matters opened between January 1st, 1999, and December 31st, 2010, the levy is $50, inclusive of PST, and exclusive of GST. GST is added at the time of billing For Civil Litigation matters opened after January 1st, 1999, the levy is $50, inclusive of PST, and exclusive of GST. GST is added at the time of billing. For matters opened between January 1st, 1996 and December 31st, 1999, the levy is $50 inclusive of GST. However, because of how GST calculates on top of PST, the actual cost billed to the client is $ For matters opened between April 1st, 1995 and December 31st, 1995, the levy is $25 inclusive of GST. This calculation is not displayed in the following examples. For matters opened prior to April 1st, 1995, a transaction levy is not applicable. PCLaw calculates these values automatically. The G/L accounts used in the following tables are the defaults provided on the Provincial tab of System Settings. Client Ledger Reports > Client > Ledger The Client Ledger displays the transaction levy value net of GST. For matters opened after January 1st, 1999: Client Ledger displaying a transaction levy opened after January 1st, 1999 When the matter is billed, the levy is treated in the same way as any other cost. Recording a Transaction Levy The following table displays the results of three transaction levies on the general ledger. The first is when the firm absorbs the cost. Second, the firm transfers the cost to a matter opened after Third, the firm transfers cost to a matter opened between 1996 and Client Disb Recov (1210) Trans Levy Payable (2460) Trans Levy Expense (5770) No matter - Real Estate No matter - Civil Litigation Real Estate after Jan 1st Real Estate Jan 1st Dec 31st 2010 Civil Litigation after Jan 1st, Between 1996 to How different configurations of a transaction levy post to the general ledger Page 7
8 Billing The following table displays the results on the general ledger after billing two matters with transaction levies. The first matter was opened after January 1st, The second was opened between 1996 and Accounts Receivable (1200) Client Disb Recov (1210) GST Payable (2400) How billing a transaction levy affects the general ledger Remittance Real Estate after Jan 1st Real Estate Jan 1st Dec 31st Civil Litigation after Jan 1st, Between 1996 to The following table displays the results on the general ledger after the quarterly transaction levy remittance. The value and method of the remittance are the same for levies where the firm absorbs the costs, and levies where the cost is transferred to the matter. Trans Levy Payable (2460) General Bank (10xx) GST Payable (2400) Real Estate after Jan 1st Real Estate Jan 1st Dec 31st Civil Litigation after Jan 1st, Between 1996 to How remitting a transaction levy affects the general ledger Page 8
Understanding Tax Codes in Simply Accounting
Understanding Tax Codes in Simply Accounting www.prismbusinesstraining.com Understanding the Taxes and Tax Codes The tax code settings in Simply Accounting are found in the Setup menu on Simply s home
More informationHow to prepare your PCLaw software for the March 23 rd, 2017 PST increase.
How to prepare your PCLaw software for the March 23 rd, 2017 PST increase. Saskatchewan PST increase, March 23 rd, 2017 Page 1 of 6 Effective March 23 rd, 2017 The Saskatchewan Provincial Sales Tax (PST)
More informationDeposit Slips - Australia
Deposit Slips - Australia Contents About Deposit Slips Enabling Deposit Slips Recording Receipts Creating Deposit Slips Deposit Slip Templates Including Deposit Slips in Bank Reconciliation Reporting About
More informationHOW TO MAKE SALES LEDGER PAYMENTS
HOW TO MAKE SALES LEDGER PAYMENTS There are three ways through which you can make sales ledger payments in HART PMS. This guide gives you a short description on how you can do each one of them: A. SALES
More informationUnit: Banking Topic: Incoming Payments. Field Name or Data Type. Due Date < Past date >
Solutions Unit: Banking Topic: Incoming Payments 1-1 Incoming Payment (using cash payment means) 1-1-1 Create an A/R Invoice Choose Sales A/R A/R Invoice. Due Date < Past date > Post this invoice to any
More informationCENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Fund Accounting
CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Fund Accounting Step-by-step Instructions 2013 Central Susquehanna Intermediate Unit, USA Table of Contents Introduction... 1 Liquidating Encumbrances...
More informationLesson 11 Tracking and Paying Sales Tax
Q U IC K BOOKS 2017 STUDEN T GUIDE Lesson 11 Tracking and Paying Sales Tax Copyright Copyright 2017 Intuit, Inc. All rights reserved. Intuit, Inc. 5100 Spectrum Way Mississauga, ON. L4W 5S2 Trademarks
More informationImproved Sales Tax Handling in QuickBooks 2008
Introduction Improved Sales Tax Handling in QuickBooks 2008 Over the last three years, Intuit has worked hard to redesign how sales tax is calculated and reported in QuickBooks. It s the biggest revamp
More informationMUNSOFT 5.2 INCOME: SUNDRY DEBTORS MANUAL. Y Walters B.Sc. (Math Science) Hons
MUNSOFT 5.2 INCOME: SUNDRY DEBTORS MANUAL 1 Y Walters B.Sc. (Math Science) Hons SUNDRY DEBTORS... 4 Enquiries... 4 Sundry Enquiries... 4 Account Search... 5 Master Files... 6 Account Master... 6 Account
More informationCanadian Configurations
C When converting an existing FTD Mercury system to take advantage of the new features provided in FTD Mercury 7.1 or later, you must perform the following configurations: 1 Set the Store to Canada 2 Set
More informationOpen MSI Budget Planning Module
MSI Budgeting Open MSI Budget Planning Module 1) Enter MSI password 2) Click OK Under Maintenance Menu, click on Budget Entry If you do not Tab you will pull up the entire chart of accounts which will
More informationAccounting with MYOB Accounting Plus v18. Chapter Four Accounts Payable
Accounting with MYOB Accounting Plus v18 Chapter Four Accounts Payable Recording a Purchase Important Points A Purchase is obtaining goods for re-sale. Purchases are obtained from Suppliers. Amounts owed
More informationTips & Tricks General Ledger Infinite Visions Enterprise Edition: General Ledger
Tips & Tricks General Ledger Infinite Visions Enterprise Edition: General Ledger CLASS DESCRIPTION Let s learn something new in the General Ledger module that can help with your daily data entry and also
More informationYear-end Guide
pay@work Year-end Guide The Year-end process for all ADP Canada clients is described in detail in the Year-end Payroll Manual on this web site or within pay@work in Help. pay@work users are encouraged
More informationSet Up and Generate Payroll Direct Deposits (Canada)
Set Up and Generate Payroll Direct Deposits (Canada) Direct deposits in Sage 300 CRE is a process by which you generate a text file to electronically submit to your bank(s) as well as print notifications
More informationRe: The Broker s Workstation and The Underwriter s Workstation Important Releases and Changes
23 March 2016 To: Users of The Broker s Workstation and/or The Underwriter s Workstation Dear Valued Client: Re: The Broker s Workstation and The Underwriter s Workstation Important Releases and Changes
More informationMaintaining Budget Change Requests
Maintaining Budget Change Requests This document describes the functions used in TEAMS to enter and approve requests to move funds from one General Ledger account to another. In this document: Request
More informationAbout Year End Processes
About Year End Processes Preparation for Year End Closing Year end closing in Microsoft Dynamics NAV involves three steps: 1. Closing the fiscal year using the Accounting Periods option. 2. Generating
More informationYou take care of your customers. We take care of you
You take care of your customers. We take care of you Changes to UK VAT Rate 25 th November 2008 Contents 1. INTRODUCTION... 1 2. CHANGE VAT RATE... 1 2.1 ADD ADDITIONAL VAT CLASS... 1 2.2 CHANGE VAT RATES...
More informationCash Receipt. Cash receipt is part of the Sales ledger and so is found in the Sales Ledger drop down menu.
Cash Receipt HOW TO... Cash receipt is part of the Sales ledger and so is found in the Sales Ledger drop down menu. Single click on Cash Receipt will open the Cash Receipt window below. Select the date
More informationLesson Thirteen Using General Journal and Banking Tasks
Lesson Thirteen Using General Journal and Banking Tasks The General Ledger is updated by each journal in Sage 50 as transactions are posted. The General Journal Entry task can be used to affect accounts
More informationChoice of superannuation fund guide
Choice of superannuation fund guide Welcome to the Choice of Superannuation Fund guide. This guide contains instructions on how to use your MYOB accounting software to meet the employer obligations introduced
More informationOTHER ENTITIES (DSSABS, HEALTH UNITS, ETC.)
Schedule 77: OTHER ENTITIES (DSSABS, HEALTH UNITS, ETC.) In the Schedule 77 series, report financial data that pertains to entities that were previously fully or proportionally consolidated in the FIR
More informationHow to Journalize using Data Entry
Steps Essential to Success 1. Print a copy of the Problem you intend to complete. To do so, go to the software log-in page and click on Download Student Manual button, click on the Problem to open it.
More informationCAI Payroll Application COBRA Premium Reduction Subsidy
Application COBRA Premium Reduction Subsidy The American Recovery and Reinvestment Act of 2009 (ARRA) provides for premium reductions and additional election opportunities for health benefits under the
More informationSage Tax Services User's Guide
Sage 300 2017 Tax Services User's Guide This is a publication of Sage Software, Inc. Copyright 2016. Sage Software, Inc. All rights reserved. Sage, the Sage logos, and the Sage product and service names
More informationMSI Calendar and/or Fiscal Year End Processing For year ending December 31, 2013
MSI Calendar and/or Fiscal Year End Processing For year ending December 31, 2013 User s Guide NOTE: Screen shots for this document have been taken from the version 7.0 MSI Payroll system. Municipal Software,
More informationCURRENCY HEDGING Copyright Framework Private Equity Investment Data Management Ltd
CURRENCY HEDGING Copyright Framework Private Equity Investment Data Management Ltd - 2016 Table of Contents Introduction and Prerequisites... 3 : Introduction... 4 Prerequisites to Post Transactions...
More informationSample Upgrade Joan s Paint Table of Contents
Sample Upgrade Joan s Paint Table of Contents Company Background... 2 Before Upgrading... 2 After Upgrading... 3 Create Trial Balance Report... 3 Customize Sales Tax Codes and Items... 3 Rename items with
More informationPCLaw Tips and Tricks
PCLaw Tips and Tricks Presented by Cindy Emmerson Affinity Consulting Group, LLC Topics Understanding the Billing Fees Journal Time entry and value heat map Lawyer Budgeting Applying payments by client
More informationYear End Guide
pay@work Year End Guide This guide will provide information regarding what you can expect to see when you open your first payroll of the year in pay@work and instructions for making final changes or adjustments
More informationManaging Fee Schedules
Managing Fee Schedules What is a Fee Schedule? A list of fees (other than standard fees ) for services Most commonly used to post PPO allowable fees Why use a Fee Schedule? True estimates on Walkouts and
More informationENTERING AUTOMOBILE FRINGE IN A SEPARATE PAYROLL: EMPLOYEE PAYING TAXES
ENTERING AUTOMOBILE FRINGE IN A SEPARATE PAYROLL: EMPLOYEE PAYING TAXES When calculating automobile fringe, you have the option to do so in a payroll cycle separate from your normal payroll. If you choose
More informationBUILDSMART DEBTORS. SmartAct. Authorized Training Manual
BUILDSMART DEBTORS SmartAct Authorized Training Manual - 1 - - 2 - SmartAct Authorized Training Manual Notice This document and the Buildsmart software may be used only in accordance with the accompanying
More informationUsing the Budget Features in Quicken 2003
Using the Budget Features in Quicken 2003 Quicken budgets can be used to summarize expected income and expenses for planning purposes. The budget can later be used in comparisons to actual income and expenses
More informationRECORDING A SUPPLIER INVOICE
RECORDING A SUPPLIER INVOICE This module contains the following topics: Entering a supplier invoice (bill) in Xero Recording a repeating bill Applying a credit note Recording payment of a bill ENTERING
More informationChapter 5 Accounting ibais User Manual BA Insurance Systems
Chapter 5 Accounting ibais User Manual BA Insurance Systems ibais User Manual BA Insurance Systems Chapter 5 - Table of Contents CHAPTER 5 - ACCOUNTING... 5-1 OVERVIEW... 5-1 HOW TO ACCESS ACCOUNTING FUNCTIONS...
More informationAccount Inquiry. Chapter 4. 1/7/2016 Chapter 4 - Page 1. Copyright University of Pittsburgh. All rights reserved.
Chapter 4 1/7/2016 Chapter 4 - Page 1 Section Objectives At the end of this section, you should be able to: Review posted entries to GL account balances Review budget or actual balances by account number
More informationSTRATA Master Version 8.0 Upgrade. Participant Workbook
STRATA Master Version 8.0 Upgrade Participant Workbook NOT TO BE REPRODUCED IN ANY WAY Copyright Reserved 2015 The staff of Rockend Technology Pty Limited has taken due care in preparing this Training
More informationThe following Key Features describe important functions in the Account and Loan Transfer service.
Account and Loan Transfer The Account Transfer service makes moving funds between accounts secure and simple. The user will find processing Multi-Entry Transfers and defining Recurring Transfers as easy
More informationCHAPTER 2: GENERAL LEDGER
Chapter 2: General Ledger CHAPTER 2: GENERAL LEDGER Objectives Introduction The objectives are: Explain the use of the Chart of Accounts in Microsoft Dynamics NAV 5.0. Explain the elements of the G/L Account
More informationCreating and Assigning Targets
Creating and Assigning Targets Targets are a powerful reporting tool in PortfolioCenter that allow you to mix index returns for several indexes, based on the portfolio s asset class allocation. For example,
More informationExpedient User Manual Banking Module
Volume 5 Expedient User Manual Banking Module Gavin Millman & Associates (Aust) Pty Ltd 281 Buckley Street Essendon VIC 3040 Phone 03 9331 3944 Web www.expedientsoftware.com.au Table of Contents Debtor
More information10/30/2009. PCLaw 10 Endorsement Training. A few housekeeping items. Accounting Review
PCLaw 10 Endorsement Training Presented by: Steven J. Best, CIC on behalf of LexisNexis Practice Management A few housekeeping items This course will be less than 3 hours; Take CAREFUL notes write it down
More informationHow to Submit Contributions to Your Retirement Plan
How to Submit Contributions to Your Retirement Plan State Farm Mutual Funds provides you with a simple and convenient way to remit contributions to your retirement plan via the Plan Sponsor Website. Following
More informationADP Canada s Year-end PaySpecialist Guide
ADP Canada s Year-end PaySpecialist Guide Your Year-end PaySpecialist Guide was designed to be used as a year-round tool in conjunction with your Year-end Payroll Guide, and will be particularly helpful
More informationReference Document. Customer Refunds
Document Overview This document is being provided to explain how to generate a refund check to a customer. This document explains the process, setup involved and how the transaction affects the general
More informationAccounts Receivables Accruals
Accounts Receivables Accruals For FY14 June 18, 2014 Information Technology References: 14.02 Release: Finance Processes Year End Closing Chapter 5 AR Invoices (see pages 5-19 to 5-24) Home Page Help from
More informationBill Pay Terms and Features IMPORTANT
Bill Pay online is a way to schedule and send payments via First Republic Corporate Online. How it works Schedule one-time or recurring payments, set payment frequency, build payee lists, setup Bill Pay
More informationProcess Map. McIntosh and Son. Administration Module. Process Code: A120 Creditors General Ledger Cheque Entry
Process Map McIntosh and Son Administration Module Process Code: A120 Creditors General Ledger Cheque Entry 2 Contents High Level Process Definition... 3 Process Flowchart... 4 Business Policies... 5 General
More informationAccounts Receivables Accruals
Accounts Receivables Accruals For FY16 June 16, 2016 Information Technology Understanding the Accrual Process The goal of year-end accrual process is to recognize revenues and expenses in the period in
More informationAccounts Receivables Accruals
Accounts Receivables Accruals For FY18 June 20, 2018 Information Technology Understanding the Accrual Process The goal of year-end accrual process is to recognize revenues and expenses in the period in
More informationAccounts Receivables Accruals
Accounts Receivables Accruals For FY13 June 14, 2013 Sonoma County of Education Information Technology References: 13.02 Release: Finance Processes Year End Closing Chapter 5 AR Invoices (see pages 5-18
More informationMaking Purchase Ledger Payments. To make Purchase ledger payments you should select Purchase Ledger followed by automatic selection.
How To... Making Purchase Ledger Payments To make Purchase ledger payments you should select Purchase Ledger followed by automatic selection. You should then fill in the filters to give you the suppliers
More informationUser Manual GST Standard-Rated 6% to 0%
User Manual GST Standard-Rated 6% to 0% [Delphi Version] [1.0] Roseanne Lee [23/5/2018] Doc No : 1 Page No: 1 of 10 REV. No Nature of Change Prepared By Prepared Date Reviewed & Approved by 1.0 Article
More informationCENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Personnel. Absence Accumulation Process Step-by-step Instructions
CENTRAL SUSQUEHANNA INTERMEDIATE UNIT Application: Personnel Absence Accumulation Process Step-by-step Instructions 2013 Central Susquehanna Intermediate Unit, USA Table of Contents Introduction... 1
More informationProcessing Customer Credit Memos and Refunds
Processing Customer Credit Memos and Refunds If a job completed for a customer requires the processing of a refund or credit you can create a credit memo for the customer that will be reflected on the
More informationOpening Balances Process for a business that is VAT registered using the cash scheme
Opening Balances Process for a business that is VAT registered using the cash scheme Correct opening balances are the key to bookkeeping activities. If you do not enter them accurately your accounts will
More informationSpending Money. Chapter 6
Spending Money Chapter 6 The Banking module is very useful in MYOB. Many businesses use the Banking module for all their financial transactions, without ever using the Sales or Purchases area. Businesses
More informationSundry Debtor Invoices & Credit Notes
Cheops Task Instruction Sundry Debtor Invoices & Credit Notes File Location: Z:\Data\Altason\iCanstruct\Task Instructions - Issued\22 - Progress Claim Schedules.docx P25 Last Revised: 6-Nov-16 This Task
More information4. Viewing account information
4. Viewing account information Overview Individual transactions and positions are displayed in the Account Information section of the Portfolio Manager window. Of the seven tabs at the top of this section,
More informationFinance Manager: Budgeting
: Budgeting Overview is a module that facilitates the preparation, management, and analysis of fiscal year budgets. Streamlined for efficiency and designed to solve the cumbersome process of budget creation,
More informationPCSchool Reconciling your Debtors. Table of Contents
Reconciling Debtors Table of Contents Are you Accrual or Cash?... 2 Setting up the Reconciliation Report Alias... 2 Printing the Debtors Reconciliation Report... 3 Example of Debtors Reconciliation Report:...
More informationCH9 Contract extension (no change in project or objective of work)
In circumstances where an employee has a fixed term contract that needs to be extended, their appointment will need to be amended, the cost allocations updated; and if relevant, allowances may also have
More informationWhat effect will deleting ledger accounts have on my company data file?
Deleting Accounts from the Accounts List Number: 1491 This support note is suitable for: Accounting Accounting Plus Premier AccountEdge BusinessBasics FirstEdge Premier Enterprise Introduction When reviewing
More informationThe Budgets file is a robust feature in DPHS, offering the following functions:
Budgets Overview: The Budgets file is a robust feature in DPHS, offering the following functions: Create New Budgets Copy Budgets from one year to another View and Modify Existing Budgets Delete a Budget
More informationCreditor Payments User Guide
Creditor Payments User Guide Table of Contents Payment Execution... 2 Invoice Details... 2 Execute Payments... 3 Reverse or Clear Transactions... 4 Printing Cheques and Remittance Advices... 5 Sample Reports...
More informationBIZPRAC 12 GUIDE BUSINESS ACTIVITY STATEMENTS
BIZPRAC 12 GUIDE BUSINESS ACTIVITY STATEMENTS BAS EXPLAINED The business activity statement is submitted to the ATO by all businesses to report their tax obligations. They will include: Pay as you go withholding
More information1. How do I verify that my current year Outstanding Purchase Orders matches the total Outstanding Encumbrances?
1 NextGen Purchasing Refresher NextGen FAQ s 1. How do I verify that my current year Outstanding Purchase Orders matches the total Outstanding Encumbrances? Run a PO Outstanding Report by GL Account: From
More informationFinancial Institution IOLTA Account Manual
Financial Institution IOLTA Account Manual June 2014 Wisconsin Trust Account Foundation, Inc. 825 Williamson Street, Suite A Madison, WI 53703 608.257.6845 877.749.5045 (phone) 608.257.2684 877.223.7377
More informationIFS Year End Training 2017 Closing the Year
Important Facts About Closing A Year On IFS The following is a summary of important facts to know about closing a year in the Integrated Financial System. * Vouchers that are transferred to Accounts Payable
More informationSolar Eclipse National Sales Tax Database. Release 8.7.5
Solar Eclipse National Sales Tax Database Release 8.7.5 Disclaimer This document is for informational purposes only and is subject to change without notice. This document and its contents, including the
More informationEclipse Accounting Setup. Release (Eterm)
Eclipse Accounting Setup Release 8.6.6 (Eterm) Legal Notices 2009 Activant Solutions Inc. All rights reserved. Unauthorized reproduction is a violation of applicable laws. Activant and the Activant logo
More informationChapter 16: Transferring coded data to your accounting system
Chapter 16: Transferring coded data to your accounting system Once you have coded your client s transactions in BankLink Practice, you can transfer the coded data to your main accounting system. The Extract
More informationLesson 2: Banking and Credit Cards
Sage 50 Premium Accounting 2016 Level 2 Lesson 2: Banking and Credit Cards Lesson Objectives In this lesson, you will learn how to set up and use the bank reconciliation feature in Sage 50 Accounting.
More informationStandard ERP Cheques Version 8.0, Mac OS December 2014
Standard ERP Cheques Version 8.0, Mac OS December 2014 Table of Contents CHEQUE MODULE OVERVIEW...3 SETUP...4 Account Usage, Cheques...4 Cheque Control Accounts...4 Cheque Settings...6 Clearing Days...6
More informationBooklet 2. e1 Training Guidance Notes. Purchases and Payments
Booklet 2 e1 Training Guidance Notes Purchases and Payments (Revised September 2014) Table of Contents Introduction... 2 1. Purchase Orders... 3 1.1 New orders... 3 1.2. Setting up Contacts Suppliers/Customers...
More informationTabs3 Trust Accounting Guide
Tabs3 Billing PracticeMaster General Ledger Accounts Payable Trust Accounting TA BS3.COM Copyright 2013-2018 Software Technology, LLC 1621 Cushman Drive Lincoln, NE 68512 (402) 423-1440 Tabs3.com Tabs3,
More informationObjective. Overview. Prerequisites. Procedure
Module: Accounts Receivable Topic: Payment Processing Miscellaneous Cash Receipt Entry MUNIS Version 7 Objective This document provides step-by-step instructions on how to enter miscellaneous cash receipts.
More informationIntroducing AP Payment Manager MUNIS - Financials: Accounts Payable
Introducing AP Payment Manager MUNIS - Financials: Accounts Payable CLASS DESCRIPTION This session will focus on the new functionality of the AP Payment Manager. Not your momma s check run process; the
More informationMicrosoft Dynamics GP. Electronic Bank Management
Microsoft Dynamics GP Electronic Bank Management Copyright Copyright 2010 Microsoft. All rights reserved. Limitation of liability This document is provided as-is. Information and views expressed in this
More informationReal Estate Transaction Levy Surcharge. Original forms remain in this booklet for your permanent records. Send a copy with your remittance to LAWPRO.
Transaction Levy Surcharge 2019 Original forms remain in this booklet for your permanent records. Send a copy with your remittance to LAWPRO. How much is the real estate transaction levy surcharge and
More informationCreating budget worksheets
Creating budget worksheets You can also go to Activities>Budget worksheet from the top menu Note: You can also enter budgets through Transactions enter budgets either manually or by importing the data
More informationInsurance Tracking with Advisors Assistant
Insurance Tracking with Advisors Assistant Client Marketing Systems, Inc. 880 Price Street Pismo Beach, CA 93449 800 643-4488 805 773-7985 fax www.advisorsassistant.com support@climark.com 2015 Client
More informationGL Budgets. Account Budget and Forecast. Account Budgets and Forecasts Menu
Account Budget and Forecast The Account Budget and Forecast function allows you to enter and maintain an unlimited number of budgets and/or forecasts values and types. When setting up the account budgets
More informationFinancial Report Instruction Manual
Financial Report Instruction Manual March 2009 Financial Report Instruction Manual Table of Contents 1. Accessing the financial report forms... 1 2. Interim report... 1 2.1 Overview of funding... 1 2.2
More informationCheckbook Table of Contents. Receive Money Overview Spend Money Overview
Checkbook Table of Contents Receive Money Overview Spend Money Overview Changing Receive Money transactions To change a Receive Money transaction To change a recurring Receive Money template's name or
More informationMSI Fiscal Year End Processing
MSI Fiscal Year End Processing User s Guide Harris Local Government 1860 W. Winchester Road, Ste 204 Libertyville, IL 60048 Phone: (847) 362-2803 Contents are the exclusive property of Harris Local Government
More informationBSBADM308A Process Payroll Topic notes. Superannuation categories - used to calculate an employee s superannuation.
(1) What are Payroll Categories? In MYOB, there are six types of Payroll Categories: Wage categories - used to pay an employee. Superannuation categories - used to calculate an employee s superannuation.
More informationShelbyNext Financials: Credit Card Tracking (Course #N211)
ShelbyNext Financials: Credit Card Tracking (Course #N211) Presented by: Dave Heston Shelby Consultant 2017 Shelby Systems, Inc. Other brand and product names are trademarks or registered trademarks of
More informationExpense: Value Added Tax (VAT) / Tax Administration
Expense: Value Added Tax (VAT) / Tax Administration Setup Guide Applies to these SAP Concur solutions: Expense Professional/Premium edition Standard edition Travel Professional/Premium edition Standard
More informationCredit Card Processing Guide
Credit Card Processing Guide A Guide For Processing Transactions With The Integrity Edge Software I Integrity Credit Card Processing Table of Contents Part I Credit Card Processing Setup 1 Part II Credit
More informationMicropay Professional
PRSA/Pension Set-Up Micropay Professional allows you to set up deductions for Pension, RAC (Retirement Annuity Contracts), AVC (Additional Voluntary Contribution) and PRSA (Personal Retirement Savings
More informationExpedient User Manual Debtors Module
Volume 2 Expedient User Manual Debtors Module Gavin Millman & Associates Pty Ltd 281 Buckley Street Essendon VIC 3040 Phone 03 9331 3944 Web www.expedientsoftware.com.au Table of Contents Accounting Overview...2
More informationBUDGET TRANSFER MODULE
BANNER TRAINING MATERIALS BUDGET TRANSFER MODULE TABLE OF CONTENTS Introduction and Overview... 1 Conditions/Restrictions for Budget Transfer Requests... 2 Entering a Budget Transfer Request (BUD quickflow)...
More informationVisionVPM General Ledger Module User Guide
VisionVPM General Ledger Module User Guide Version 1.0 VisionVPM user documentation is continually being developed. For the most up-to-date documentation please visit the VisionVPM website at www.visionvpm.com
More informationStuckyNet-Link.NET User Interface Manual
StuckyNet-Link.NET User Interface Manual Contents Introduction Technical Information General Information Logging In & Out Session Timeout Changing Your Password Working with the Borrowing Base Creating
More informationM Y F I N A N C E H O W T O
U S S F C U P E R S O N A L F I N A N C I A L M A N A G E M E N T M Y F I N A N C E H O W T O CONTENTS Overview..2 Getting Started... 2 Dashboard... 4 Accounts... 6 Adding an External Online Account...
More informationBudget Preparation. 301 Tilton Road, Northfield, NJ P:
Budget Preparation Table of Contents: Creating the Budget/Revenue Preparation File Deleting the Budget/Revenue Prep File.....2 Creating the Budget Preparation.3 Creating the Revenue Preparation...4 Completing
More informationRelease Please distribute to all Spectra users in your company.
Release 8.2.0 DECEMBER 2018 Please distribute to all Spectra users in your company. Support Email: support@spectra.ca Visit us online at: www.spectra.ca Support Telephone: (866) 718-2345 Support Fax: (866)
More information