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 CONFIDENTIAL © Deltek, Inc. All Rights Reserved. 11 ISAE 3000 Audit & GAP Analysis 88 Control tests Completed May and 40 IFRS tests Report available 2019 by BDO NL including IFRS upon request 15-16 12 Localization | Statutory Strategy Full Localization Countries Basic Localization Countries Australia Belgium Austria Brazil Canada China Denmark France Germany Italy Japan Mexico Hong Kong India Norway Portugal Morocco Netherlands New Zealand Saudi Arabia Spain Sweden UK USA Poland South Africa Switzerland Localization | Statutory Strategy Supported Languages FrenchFrench SpanishSpanish ItalianItalian PortuguesePortuguese GermanGerman DanishDanish SwedishSwedish EnglishEnglish NorwegianNorwegian DutchDutch *Customers can apply custom language or terminology changes 14 Questions? Chris Girardin, CPA, MBA Director, Statutory Reporting & Compliance [email protected] 15 .