3 ms·
Don't you have to buy some Japan specific software like Freee for the e-Tax integration? I like GnuCash, but for a business, it doesn't automatically handle sa
by morpheuskafka 2y ago
Don't you have to buy some Japan specific software like Freee for the e-Tax integration?
I like GnuCash, but for a business, it doesn't automatically handle sales/consumption tax, or employee payroll withholdings, you'd have to manually make splits in every transaction for that.
(Actually I think you all don't have to keep your consumption tax received in a separate account bc you net it out against purchases, but in the US we have to journal the tax into sales tax payable liabilities account, not revenue).
- joseda-hg 2y agoCan't speak of Japan, but where I've lived the percentage of tax is calculated against total sales, you don't need it separated beforehand I believe there are some exceptions, with regulated or specially taxed goods like cigarettes, but there was none of those where I worked so it's mostly speculation