MAC 10: Maconomy Finance

Chris Girardin, CPA, MBA Director, Product Management Statutory Compliance & Reporting Agenda

• Maconomy Finance Tips & Tricks • Product Strategy & Roadmap • Upcoming Notable Requirements Maconomy Finance Tips & Tricks

Use of Statistics for CIT Form Linking CIT Reporting – Quick Facts

Local Tax Rules Requirements IRO Section 16(1) Most countries require that Profit tax is not calculated Can the system help users to finance entries be tagged for directly from accounting results. track and identify outgoings and CIT purposes. Tax rules must be observed in expenses which may not be considering the taxability and deductible for eventual annual deductibility of individual profits tax calculation? transaction item on income and expense. How to Use Maconomy Statistics for CIT Linking Statistics in Maconomy act as flexible reporting tools like dimensions except they can be changed with the changes impacting the underlying data » Note: Dimensions would need to be re-allocated for these changes 1. Open the account information card 2. Add the required language to the statistic field 3. Then query the finance entry 4. Change the naming convention, if needed 5. Generate the report Use of Statistics 1-4 for CIT Reporting

Add the language into the statistic field needed on the account information card Use of Statistics for CIT reporting » Query finance entries via the WSC, GL Entries analyzer, or BPM report to extract the data Use of Statistics for CIT reporting » Change a naming convention to reflect form changes or to make the label more generic for global use » Re-allocating is not required Use of Statistics for CIT reporting » Then, generate the reports Product Strategy & Roadmap Priority | Localization & Compliance

» Core product contains features providing specific statutory-related functionality relevant within select countries

» Full » Robust and sophisticated extensibility » Basic » Presence provides extensive capabilities to tailor the solution to specific localized needs

» Consulting Services offer Localization Core Extension Add-On Packages to supplement core product Product & Reporting Localization support and help customers meet Features Toolbox Packages specific localization requirements

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14 Questions?

Chris Girardin, CPA, MBA Director, Statutory Reporting & Compliance [email protected]

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