WANDReview May '25 Edition
- Shawna Pratt
- May 28
- 1 min read
The latest WAND Taxonomies, Glossaries, CDMs, and Updates
Accounting Taxonomy Update
The WAND Accounting Taxonomy is now expanded with a robust set of terms tailored to expense reporting and employee reimbursement. This enhancement includes detailed concepts for business trip expenses, membership and subscription costs, childcare and benefits tracking, and standardized terminology for employee, client, and approval information. With added coverage for expense types, payment methods, and reporting elements, this update ensures more accurate categorization and streamlined accounting processes for any organization.
What's in a Name?
Words can mean lots of different things depending on the context, audience, and industry. Understanding the differences and employing a company-wide glossary can avoid a lot of confusion in communications! Consider, if you will, the word...
May
The current month!
To express a possibility
One's bloom or prime
A wish or hope
A hawthorn plant or its flowers
To ask permission
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