Version 55 - Finance Video
Major Finance Enhancements Introduced in v55, Released in Oct 2021.
This video outlines the key Finance and Payroll enhancements in TASS Version 55, focusing on automation, efficiency and compliance. It introduces Phase 2 bank feed enhancements within the Bank Accounts Dashboard, enabling the use of banking rules to automatically match recurring transactions and generate cashbook journals, significantly streamlining bank reconciliation. The video also covers a new student deposit refund workflow that automates communication with parents via Parent Lounge and supports electronic refund processing through Accounts Payable, the ability to create fixed assets on the fly during invoice entry, and the introduction of a new tax journal entry program with supporting GST reporting to correct tax treatments at BAS time. Payroll updates include expanded online timesheet approver support, and the video concludes with an overview of Single Touch Payroll (STP) Phase 2 readiness, confirming Version 55 compliance with upcoming reporting requirements.
Check out the other videos from the v55 release:
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Filmed in TASS software version: v01.055.09.000.
Last updated: September 2021.