Rob Mathieson
Articles
Recent activity by Rob Mathieson
-
Multi-Dimension Reporting
Introduction Multi-dimensional accounting eliminates the need for complex account codes. Instead of using the chart of accounts for reporting, operationally relevant details like department or loca...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Trial Balance
Introduction/Summary A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Profit and Loss
Introduction Profit and loss statements summarise the revenues, costs, and expenses incurred during a specified period. The P&L statement is one of three financial statements every public company i...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Management Reporting
Introduction/Summary Management reporting is a key term for a type of business intelligence that involves reports meant to help managers to oversee operations and performance. Bu using a cloud-base...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Audit Trail
Introduction Although systems give audit trails of transactions, not many give full traceability of changes made within the system. This can lead to users changing information in the incorrect acco...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
IFRS 15 / ASC606
Introduction New reporting standards, IFRS 15 and ASC606 deal with the recognition of revenue from contracts. Many systems still have not made allowances for this process, but using cloud accountin...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
VAT and MTD
Introduction VAT, along with Making Tax Digital (MTD) are an essential requirement of any financial system, yet some manage this better than others. Although MTD is a standard requirement, some sys...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Tax / International Tax
Introduction Every business has a requirement to record Tax of some description, but not all systems give you the flexibility to customise the Tax area to support required statutory reports. Cloud ...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Foreign Exchange Revaluation
Introduction Foreign exchange revaluation allows you to identify realised and unrealised gains and losses made due to exchange rate fluctuations and enables you to process them in your accounts. Fo...
- Updated
- 1 follower
- 0 comments
- 0 votes
-
Exchange Rates
Introduction All foreign currency transactions require an exchange rate to convert the posting to the base reporting currency. Typical Problems Maintaining constantly fluctuating exchange rates is ...
- Updated
- 1 follower
- 0 comments
- 0 votes