MoneyWorks Cashbook

GST/VAT and sales tax tracking

MoneyWorks was designed from the ground up to provide the best possible support for GST/VAT-type taxes, plus it also supports North-American-style sales taxes. If you keep accounts for organisations in more than one country, each document can be set up to track and report appropriately.

• Enter amounts as GST inclusive or exclusive--MoneyWorks does the rest.
• Default GST/VAT is based on general ledger code used, so you never need to worry about charging GST/VAT on wages or other exempt/free items.
• Complete handling of GST/VAT on both invoice/accrual [note: not MoneyWorks Cashbook] and payments/cash basis.
• GST/VAT handling is based on 'transaction tagging', so you never need worry that a transaction has been omitted or double-counted.
• Detailed reporting provides complete audit trail.
• Tax code override for individual customers or suppliers (useful for offshore transactions).
• Country-specific guides for form filling supplied for New Zealand (GST Return guide), Australia (BAS Guide), Singapore (IRAS), Nepal (VAT Guide), UK (VAT Guide). In other countries simply use the figures provided on the general GST/VAT and/or sales tax reports