Trying to get your employees to complete expense reports in a timely manner can be challenging, especially when your team is using outdated software or manual processes. However, when you finally get their expense reports, that’s when the real work begins. Making sure that an employee’s expenses are coordinated with the general ledger properly and including proper accounting for the multiple Canadian Goods and Services taxes (GST), can be time-consuming and confusing unless you have a powerful enterprise resource planning (ERP) solution, such as
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Since the Expense Management solution is integrated with Microsoft Dynamics GP and Microsoft Dynamics NAV, the payables transactions are automatically connected to the proper general ledger line items. In addition, the various Canadian sales taxes are also automatically applied. Streamlining expense reports, including confusing tax designations, can save time and ensure that you are in compliance with Canada’s taxing requirements. In addition, the time you save from manual tax calculations or double-entry from one financial report to another can be better spent on other important business operations.
Give your employees an easier and more efficient expense management tool to use and be confident when managing a myriad of Canadian sales taxes. Contact DynamicPoint to learn more about the SharePoint Expense Management solution and our