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GST-VAT Accounting Description |
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GST/VAT Accounting (GVA) is an easy-to-use program that is designed to maintain complete and accurate accounting of income and expenses for users in jurisdictions that impose a 'Goods and Services Tax' (GST) or 'Value Added Tax' (VAT). In creating GVA, our objective was to produce a program that is intuitive and requires no prior knowledge of accounting. GVA uses the 'single entry' bookkeeping method that is recommended by the IRS. This accounting method is easy to use and is equally suited for small businesses and individuals.
Using GVA, you can produce a variety of expense, income, profit and general ledger reports. You can define up to 1000 different income and expense accounts to fully categorize your income and expenses for tax purposes.
GVA employs the concept of folders where each folder contains income and expense data that may be reported either separately or in combination. Thus, GST-VAT Accounting may be used for multiple businesses, multiple divisions within a single business or for both business and personal accounting.
GST-VAT Accounting is linked to GST-VAT Invoicing and Inventory management system which provides complete tracking of sales, customers, receivables and inventory. The combination of these two programs provides a complete business management solution businesses located in juristictions subject to GST or VAT taxes.. |
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