Compliance types form the foundation of your organisation's compliance management framework in Exacc. Creating well-structured compliance types ensures that all regulatory obligations are properly tracked, assigned and completed on time. This systematic approach reduces the risk of penalties and maintains your organisation's good standing with regulatory authorities.
Each compliance type represents a distinct regulatory requirement your business must satisfy, such as BAS lodgement, PAYG withholding reporting, annual financial statement preparation, or industry-specific obligations. By defining these compliance types clearly, you establish a repeatable framework that can be applied across multiple periods and business entities.
The configuration of compliance types includes critical details such as regulatory authority, lodgement deadlines, responsible parties and required documentation. These parameters ensure that everyone in your organisation understands what needs to be done, by when and by whom. Proper configuration also enables automated reminders and escalation workflows to prevent oversights.
Follow these steps to create a new compliance type in Exacc and establish a robust compliance management system that protects your business from regulatory risks whilst ensuring efficient completion of all statutory obligations.
Your compliance type is created successfully - configure deadlines, assign responsibilities and begin tracking regulatory obligations.