Every year around this time we start drawing up lists, making personal inventories, and resolving to do better in the coming year. But the truth is that very few of us achieve the laundry list of goals laid down in the typical New Year’s resolution. To err, after all, is only human. But Trintech’s Unity [...]
Archive for the ‘Financial Governance, Risk Management and Compliance’ Category
Achieve Your Financial Goals with Trintech’s Unity Suite of Financial Software
The 7 Golden Rules of Balance Sheet Certification
Competitive businesses are constantly trying to improve on productivity, demanding more and more value from their employees, processes and technology. Trintech’s new best practices guide to balance sheet certification can help.
Finance is Ch-Ch-Ch-Ch-Changing with the Times
CFO’s are concerned about change. And they should be: recent financial crises have spawned a growing number of complicated financial regulations. With the globalization of finance highlighting the need for uniformity in information, change is practically being forced upon the Office of Finance. Software vendors have taken notice. Recent years have seen a proliferation of [...]
It’s The Process, Stupid!
Software makers, like any business, are always on the hunt for new markets. Where a large enough problem exists, there are probably several automated software packages to solve for that problem. And financial governance is one huge problem facing many finance managers. But in the rush to comply with what can seem like an overwhelming [...]
Best Practices: Tagging Your U.S. Financial Report with XBRL
(Tag Your 10-K with XBRL, Tag Your 10-Q with XBRL, Tag Your 20-F with XBRL) Preparing your financial statements (Form 10-Q, Form 10-K, Form 20-F) for the XBRL reporting required by the SEC is a two-step process: mapping comes first, followed by the actual XBRL tagging of the financial report itself. Mapping matches your financial [...]
The Future of IFRS Financial Reporting Software
A year ago, Trintech issued a document discussing looming changes in financial reporting, including eXtensible Business Reporting Language (XBRL) and International Financial Reporting Standards, (IFRS). XBRL is now well underway, and most companies are outsourcing the tagging to printers while also looking at embedded technologies to streamline processes and cut costs. IFRS preparations, however, continue [...]
Complying with the HMRC iXBRL Mandate
The recent iXBRL mandate by Her Majesty Revenue & Customs (HMRC) requires that all statutory business tax returns be filed electronically using a technology called iXBRL or inline XBRL. After 31 March, 2010, paper filings will not be sufficient, and companies filing after this date must submit their tax returns online through the Government Gateway. [...]
Journal Entries With a Life of Their Own
There are simply some entries that don’t fit the mold and need to be managed outside of the normal routines of accounting general ledger systems. Most often these entries are considered “manual” because they require human intervention in some form to move forward. These journal entries can be categorized as follows: Recurring/Standard Entries: Manual entries [...]
Interactive Data: Phone a Friend At The SEC
Many SEC reporting managers may not look to the SEC as an obvious place to seek quick answers to the details of new rules. I would expect an inquiry call to go unreturned, or the answer to be riddled with caveats. But the reality is that the SEC wants XBRL to succeed, and has devoted [...]
Is There A Draft In Here? Using ACH to Reduce Overdraft Fees
An ACH transfer is a means of sending money electronically from one bank to another. ACH stands for Automatic Clearing House. Used effectively, ACH transfers can help businesses concentrate idle balances into interest-bearing accounts overnight – where your money earns more than in depository accounts. For large, dispersed organizations (like retailers), operating multiple locations that [...]
