BasicBooks

GST/VAT Supplement Detailed Description

View the GST/VAT User Manual - Click HERE.

The GST/VAT version of BasicBooks General Ledger iincludes all the features, functions, and benefits of the standard BasicBooks General Ledger (see below) PLUS the specialized journals for tracking GST/VAT purchases and sales AND summary reports of your GST/VAT tax credits and liabilities.

GST/VAT reports can be produced for any range of dates you require and transactions can be reported on either a cash or accrual basis.  

All the data you need to complete your required tax reports is summarized and printed in a ready-to-use format.  Calculations are automatically done by the BasicBooks programs so manual calculation errors are eliminated.

BasicBooks GST/VAT tax tracking is based on the Auatralian tax system.  However, the reports generated are generic and may be used for the Canadian and other similar systems as well.  

FLEXIBILITY -- You can change the tax calculation percentage at any time should your government set different taxing rates.

SIMPLE NO RISK GUARANTEE - We guarantee satisfaction.  If you are not satisfied we will give you a complete refund within 30 days of your purchase.

The following paragraphs are a description of the standard BasicBooks General Ledger features:

BasicBooks is a complete, easy-to-use bookkeeping system. It is not necessary to know accounting and you do you need to be a trained bookkeeper to use BasicBooks. The program does all the, "debit and credit stuff" for you. All you need know is how to write checks and make deposits. Then, enter the checks and deposits in the BasicBooks windows. The program will do the proper postings for you automatically.

The input screens and menus of BasicBooks are clear, easy to use, and easy on the eye. Context sensitive help topics are available on-screen for all major functions. Reports are available at the click of the mouse button.

BasicBooks is not a 'personal finance' program. It is designed by professional accountants for business bookkeeping. The database of transactions is managed by PostgreSQL, the internationally used and standard SQL database from UC Berkeley. PostgreSQL allows virtually unlimited storage for your accounts and transactions. Additionally, all data stored is available by direct access through the standard Postgres interface. This means your data is available for use by other custom applications you may create, or your database can be updated by transactions generated through other applications. All database journal transactions can be dumped into a, ".csv" file for analysis and use in spreadsheet programs to create local report formats.

You may create your own general ledger accounts as needed. This is your "Chart of Accounts". You are not locked in to any fixed general ledger accounts. Create and use only those accounts you need and which are appropriate for your business.

Any decimal denominated currency can be used with BasicBooks. Journals include a Check Journal and a Deposit Journal for each bank account and a General Journal for adjusting entries. A wide range of search capabilities are provided for the entire database of transactions.

Your books can be kept on either a fiscal year or calendar year. Dates can be stored in either the US format (Month/Day/Year) or the European format (Day/Month/Year). General ledger accounts store transaction results for each month of the current accounting year, plus each month of the prior year. A budget for every month of every account can also be stored. This allows comparative statements to be prepared comparing actual, current year results to prior year results or to budget amounts.

See the BasicBooks User Reference Manual for complete details of all features and capabilities.