On Sat, Feb 20, 2010 at 5:11 PM, Bert Vorenholt<..hidden..> wrote:
In The Netherlands you actaully may choose which method you wish to use. The
standard is accrual, but for (very) small organisations which only/mostly do
(petty) cash based trading or if you want to pay tax when you actually got
payed (and receive a tax refund when you payed) for goods and services, cash
based accounting is an option. Switching the method is only allowed after
approval by the tax-authority and consist of a complex reconsiliation of tax
related accounting entries at that moment.
From an accounting (software package) point of view, the only differences
are the moments of transferring the tax-amount to the tax liability account
and for (income statements) reports the income and expenses should be
accounted on the dates of payment.
I think the first thing is figuring out exactly what the requirements
are. I don't believe this is supported out of the box but there may
be workarounds and/or customization possible.
One option would be to adjust from accrual values, There are some
other possibilities as well
Best Wishes,
Chris Travers
------------------------------------------------------------------------------
Download Intel® Parallel Studio Eval
Try the new software tools for yourself. Speed compiling, find bugs
proactively, and fine-tune applications for parallel performance.
See why Intel Parallel Studio got high marks during beta.
http://p.sf.net/sfu/intel-sw-dev
_______________________________________________
Ledger-smb-users mailing list
..hidden..
https://lists.sourceforge.net/lists/listinfo/ledger-smb-users