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Nexonia Announces Launch of Enhanced Value-Added Tax Tracking and Management System

  (March 30, 2011)

Toronto, Ontario (PRWEB) March 30, 2011

Nexonia Inc., a leading corporate software solutions provider, today announced an exciting new innovation in software accounting with the launch of their enhanced Value-Added Tax (VAT) tax tracking and management system.

"We're thrilled to be able to launch this world-leading solution for VAT tracking and management," said Neil Wainwright, CEO of Nexonia. "Many of the features included in our system are things never before seen in an accounting software product. By making it our top priority to respond to the needs of our clients, we're able to offer an innovative solution to a major issue in expense management that affects companies large and small worldwide."

The new system, available today to existing Nexonia clients, handles all VATs in the world, including taxes on taxes, tracking portions as recoverable, and different calculations for different types of expenses. In addition, versions are controlled by "effective dates", meaning the same tax profile can have different calculations based on effective dates. With this feature, both future and past government changes can be handled seamlessly. Nexonia's system also supports visible and invisible tax calculations, including optional support for manually overriding taxes. For example, in Canada Nexonia supports GST, HST, QST, recapture taxes and different tax rules for different expenses (e.g. meals versus non-meals).


"We're very happy that we continue to be leaders in expense management with this new VAT system," said Wainwright. "By developing superior products like this and integrating with major accounting software systems, including Intuit QuickBooks, we're confident that we can influence and improve expense management tracking for thousands of current and future clients and business partners."

To learn more about Nexonia's enhanced VAT system, please visit http://www.nexonia.com.

About Nexonia (http://www.nexonia.com)

Nexonia is a highly advanced expense report and timesheet tracking application built specifically for the demanding needs of organizations who need to enter, approve, manage and analyze their expenses and timesheets. Nexonia is fully hosted, managed and backed up. There is nothing to install and it works on all web browsers (PC, Mac & Linux). For more information on Nexonia, please call 800-291-4829 (416-480-0688 internationally) or visit http://www.nexonia.com.

Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.

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