Ledger Setup
Auditing manual spreadsheet handoffs
Trace spreadsheet inputs, formulas, versions and outputs to find risky accounting handoffs and decide what to correct.
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Ledger Setup
Ledger Setup
Bookkeeping software versus an ERP finance module
Decide whether bookkeeping software covers your finance work or an ERP finance module is needed to connect operations and accounting.
Ledger Setup
Chart of accounts and accounting setup
Plan a practical chart of accounts, choose useful tracking detail and check opening balances before using a new accounting system.
Ledger Setup
Checking payroll journal imports
Check payroll journals against approved pay runs, payment files and liabilities, and catch missing or duplicate imports before close.
Ledger Setup
Checking report dates and inclusion rules
Check period boundaries, accounting basis, filters, adjustments and comparison columns before relying on a financial report total.
Ledger Setup
Comparing cash and accrual views in a system
Compare cash and accrual reports using the same settings, trace timing differences and label each view before sharing figures.
Ledger Setup
Correcting a software setup error without guessing tax treatment
Preserve the reports, confirm treatment, identify affected settings or entries, and check the result before closing a GST setup error.
Ledger Setup
Defining accounting workflows before comparing products
Map each accounting event, source record, approval, financial result and exception before comparing software demonstrations.
Ledger Setup
Evaluating paid add-ons against actual accounting tasks
Compare paid payroll, expenses, inventory, payments and connected apps with the accounting work they must complete and their full cost.
Ledger Setup
Exporting a report with its filters and assumptions
Package a financial report with its dates, basis, filters, adjustment settings and review status so recipients can interpret the export.
Ledger Setup
Giving an external accountant appropriate software access
Define an external accountant's tasks and files, check invitation rights and review access when the engagement changes.
Ledger Setup
Multi-currency accounting tools
Compare foreign-currency workflows and plan limits for Xero, MYOB AccountRight Premier and QuickBooks Online in Australia.
Ledger Setup
Preparing source records for a qualified tax review
Assemble a dated BAS review pack with source documents, transaction detail, reconciliations and clear questions for a qualified adviser.
Ledger Setup
Reconciling management reports with approved accounts
Build a documented bridge from approved accounts to management figures, including mappings, excluded adjustments and open differences.
Ledger Setup
Removing access after a contractor engagement ends: handover
Hand over unfinished accounting work, remove contractor access across files and connected services, and confirm records remain retrievable.
Ledger Setup
Reviewing changes in an accounting audit log
Investigate an accounting change against its source and approval, and check the log coverage and access limits of each product.
Ledger Setup
Reviewing currency adjustments with an accountant
Prepare the records, rate evidence and reports an accountant needs to review a foreign-currency adjustment.
Ledger Setup
Reviewing opening balances with an accountant
Prepare a dated opening balance pack and reconcile bank, debtor, creditor and stock figures before approval.
Ledger Setup
Reviewing suggested transaction categories before posting
Check the source record, existing entry, account and GST treatment before accepting a suggested transaction category.
Ledger Setup
Separating tracking categories from general ledger accounts
Decide when a transaction needs a separate ledger account and when a tracking label or cost centre answers the reporting question.
Ledger Setup
Testing a platform with sample business transactions
Use fictional invoices, bills, payments and exceptions to assess an accounting platform before committing to it.