Fixed assets impairment tests in just half an hour? And what about the other areas of accounting?
External evidence of impairment of fixed assets, deferred taxes, statement of cash flows - soon these topics will spend us awake at night . Maybe some of you even close the financial year before - for example, on September 30? Additionally autumn ambiance, instead of spending long hours at work, we would prefer to go home early. Rain, rain, becoming less sunlight on such a beautiful summer takes us a little energy to operate. Yes, there is a way to save time spent on the preparation of the annual financial statements?
Ready solution turns out to be 24iValue system. Using it in 40 minutes you will calculate deferred tax assets, you will know how to post a finance lease, and statement of cash flows will be draw up in just half an hour.
Often we accept in advance the assumption that the loss of fixed assets has not occurred, withdrawing from the analysis of evidence, while for the balance sheet purposes we are obliged to do this analysis once a year. Testing assets for impairment is considered to be one of the most difficult - next issue is "deferred tax" and then "finance lease?. The most difficult, and therefore the most time-consuming areas in accounting.
Calculation of the current income tax we may know well as we do it every month. However, deferred tax has not been going well so easily and quickly.
A finance lease? Although in essence it does not differ from the purchase of an asset on credit, the calculation of the discounted value of the obligation is a challenge.
The system was developed in a manner understandable to the user, with clear-cut descriptions of the required information, additional instructions. Its operation is based on an intuitive basis. And most importantly - one of the cornerstones of its creation was designed to make accounting work easier by minimizing the time requirements for certain tasks.
Imagine what we would have done with extra free hours - or would prefer to spend it on other tasks in the company, or perhaps go home early and spend time with family and friends? While preparing information for the financial statements using 24EasyAudit you can save up to a week of work per year!
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