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Need Help Accounting is a Chartered Professional Accounting firm provide services to their clients by providing high quality tax, advisory and assurance services.
Choosing A Tax Accounting Software
You are not only assisted by your business partners but by the government as well in carrying out your business functions properly. The government of any nation takes care of a number of things and keeps the environment conducive to peaceful commercial engagements. It provides security and protection whenever needed and maintains dispute redressal forums to sort out any business dispute that might arise out of any business transaction.
All of these activities need resources, which are supplied by the taxes we pay. It is a legal obligation on all business establishments to file tax returns without fail. Like all government processes, the procedure to file tax returns is also complex and rather time consuming. A tax accounting software comes in handy at this juncture, assisting one pay one's taxes quite effortlessly. Read more at http://bit.ly/2frmWZE
When to Record Accounting Sales
First, let's make sure we are talking about the same kind of accounting sales. There are gross sales and net sales. Gross sales are calculated by adding the total amount received by the purchaser. Net sales subtract the cost to make the product from the gross sales figure. Other subtractions are made as well, like product returns and discounts not settled at the time of sale. There is, obviously, a big difference between the two.
Now that we understand two broad types of sales, the sale of a product or service may be recorded at different times. In cash accounting, sales are recorded when the transfer of money and product are complete. In accrual accounting, sales are recorded when the agreement has been made or the order has been placed. Read more at http://bit.ly/2g9LTYx