Sales Tax Setup

Overview The sales tax framework supports many types of indirect taxes, such as sales tax, value-added tax (VAT), goods and services tax (GST), unit-based fees, and withholding tax. These taxes are calculated and documented during purchase and sales transactions. Periodically, they must be reported...

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Create General Jouranl

Journal Entry for the Capital Introduction The capital introduction transaction is shown in the accounting records with the following bookkeeping entries: Account Debit Credit Bank 2,00,000 Capital RN 50,000 Capital HK 50,000 Capital...

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Set up journal names

Journal names are the templates that you select from when you create journals for cost and service transactions.  Indicate the journal name to be used in the journal to be entered.  This means the journals use the voucher series, offset account, if any, and any other information...

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