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Knowledgebase : Taxes
A Discount or Credit entered on the Sales screen effectively reduces the amount of revenue you realize on that sale, thereby reducing your taxable income. This effectively gives you a business "deduction" for the amount of the Discount or Cred...
There are no hard and fast rules for categories that we know of. We generally recommend that you create categories only for those types of Expenses that you want to be able to summarize separately at the end of the year (e.g. postage), but your accounta...
Full-Inventory Edition only The Ending Inventory value on the second page of the Income Tax Report cam be different than the Value shown in the Inventory Summary displays and reports depending on the options you have selected. To compare these two numbe...


 


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