OSAS
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American Stimulus Update (O/T)
In conjunction with the American Recovery and Reinvestment Act, new payroll updates for TRAVERSE and OSAS have been released. These payroll updates include new Federal Married, Single and EIC tax tables and a revised 941 form. The 941 form allows for COBRA payments made by the employer on behalf of layed-off employees to be reimbursed to the employer by reducing the federal taxes paid for each payroll. These modified 941 program and new tax table updates are available to OSAS or TRAVERSE users who are current on their annual software maintenance plan. If you have not received the ...
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Using Cash Flow reporting to get a handle on where your money is coming and going (O/T)
Your Bank Statement shows the incoming and outgoing of your cash, but what it does not show is how the money was spent; for example for on Operations, Financing, or Investing? Operating Activities show how much cash is generated in the day to day delivery of products and services. Financing Activities show how much cash was generated by debt or equity financing. (Or, the flows between the organization and the folds who help finance the organization through debt or equity. Investing Activities details how much cash the entity made and used in making investments in other entities, such as the purchase of stocks, bonds, or other ...
