G/L Reconciliation Utility

TaxAutomation's General Ledger Reconciliation Utility for CCH® is a fully automated software utility that is designed to reconcile the CCH® SALES/USE audit file to the general ledger.

This Utility is:

• Compatible with Unix and Windows NT CCH® Installations
• Not compatible with Oracle CCH® Installations (PL/SQL version).

THE PROBLEM

Each month, many TAXWARE users find that the general ledger SALES/USE tax transactions do not reconcile to the CCH® audit file. Many tax department personnel spend a lot of time trying to balance the CCH® audit file to the general ledger. Alternatively, some TAXWARE users do not make the necessary corrections and are not in compliance. Either way, it's not a good situation for the tax department.

THE CAUSE OF THE PROBLEM

Journal Entries-Most companies make numerous journal entries during the course of business. A common example is when a customer is issued a tax credit. When a customer tax credit is processed, the accountant credits the customer account and debits the tax account. For most TAXWARE users, this data is not sent to CCH® for processing. As a result, the CCH® audit file does not have a record of these journal entries. This is a very common accounting procedure and is not a CCH® defect.

SAP Batch Processing - SAP will post tax to the general ledger for each taxable transaction. But, SAP uses a batch process to send data to TAXWARE. Unfortunately, many SAP users find that the SAP batch process will frequently not send all transactions to CCH® for processing. Corporate IT departments and consultants have spent thousands of hours unsuccessfully trying to fix this problem. This is not a CCH® defect.

THE SOLUTION

TaxAutomation's General Ledger Reconciliation Utility for CCH®

HOW IT WORKS

TaxAutomation G/L Reconciliation Utility will perform the following steps automatically when you press one button each month:

• Compare the CCH® audit file to the general ledger file
• Identify and flag each individual transaction that is contained in the General Ledger that is missing from the CCH® audit file
• Send the "missing transactions" to CCH® for processing. This automatically corrects the CCH® audit file and reconciles it to the G/L file.

Reconciliation Utility Process Flow Chart
(This is a fully automated software utility)

Copyright 2002 TaxAutomation Inc.