NAIC Accounting VS Tax Codes
HelpRegister |
NAIC Accounting VS Tax Codes I'm still using the NAIC 1.04 and BIVIO to do the year end clud taxes. Is there any problems with this? Is there any reason to update to newer vrsion of club accounting for tax purposes Hi Jim, I'm certainly not a tax expert (although I know that there have been changes in the reporting of long and short term capital gains since v.1.04 was released!), but I do want to say that I moved from this version directly to Bivio-only, and it's been great. I see no reason to double-pay for accounting software. Lynn Ostrem, Minneapolis garbagecop@foxinternet.net Jim Prescott writes: > I'm still using the NAIC 1.04 and BIVIO to do the year end > clud taxes. Is there any problems with this? Is there any > reason to update to newer vrsion of club accounting for tax > purposes No. Our software handles old versions just fine. Fundamentally, there are two problems: accounting and taxes. If your accounting is accurate, the tax software should do the rest. The only reason the NAIC claims you need a software update is that they want more money from you and they don't want to support an old product. And, I aggree with Lynn's answer: you don't need NCA at all. Dump it, and you'll be much happier. Switch to AccountSync to reduce your data entry time to a few clicks a month. bivio is superior to all versions of NAIC software. Compare for yourself and read the NAIC message boards to see why others think the same thing. Rob |
|