Meeting with the Tax Guys...

Toaday was the day that I had the meeting with the tax guys. So it was a good thing that I had fixed the accounting nightmare in the Austrian Sub-Company as well. At least for the most part. I was still having an difference of about 80 Grand, but at least it was the difference that I was supposed to have, since I hadn't made those corrections when the official tax paperwork came back. The reason therefore was that it wasn't quite apparent to me what single positions the tax guys had changened. I only knew that they had changed to amount of the liability accounts and I really don't want to makes changes directly in the liability accounts, since that can screw up the amounts and control sum in your accounting software roally.
So I used the same approach to coorrect the problem than I did when adressing the problem in the German Sub-Company. If you want to read more about that just check out the Blog Post: "Fixing and Accounting Nightmare". Luckly I have a great working relation ship with our tax guys.So we talked over the problem right when she got here. I even could explain where the difference came from. And she was fine that I didn't feel comfy to address the issue on my own and so we dealt with the issue together. So we entered the corrections accordingly and we were both sure that now the problem was solved. Imagine our surprise when we discovered that the problem on the Blanace Transfer Account still existed. Neither of us could explain that. So we went back to look things through again. What we didn't realize at the moment is, that when we made the correctins in the previous business year that this would also change the opening values of the business year we're currently working on. It didn't even occur to both of us, since we were that focused on the difference. So I made the necessary correctins in the opening values...and voila...finally the opening values were correct.
I was very happy with that outcome. As far as I'm involved witht the tax work of the Austrian Sub-Company...well that should be it. The rest has to do with what has happened during the year and that's something that my co-worker has to talk over with the tax guys. And we will see if the tax guys are going to say anything to the boss about the my co-workers performance. Let me put it that way, while I do like my co-worker as a person I don't think that he and accounting are a really good match.