Easy Books

J Peter Hendrikx's Avatar

J Peter Hendrikx

09 May, 2011 09:35 PM

Three points please;
1. A great application worth while having and using. Well done guys.
2. It would be even better when the programme becomes available as a desktop programme that syncs vv with iPad2.
3. I pay GST and have this grouped in MYOB as Output and Input Tax with next to it Payments/Refunds GST. How can I do that with Easy Books?

  1. Support Staff 1 Posted by Admin on 09 May, 2011 11:11 PM

    Admin's Avatar

    It means a lot to get comments like these, so thank you!

    I am working on the Mac version of the application at the moment, which will sync with the iPad/iPhone version. They share the same code at the low level data access, but the entire user interface code needs to be written again for the Mac version. It should be ready for an initial release near the end of the year.

    For your GST, you can start by changing the name of VAT to GST in the business settings. Then the app will maintain sales and purchase tax (output and input tax). You can add as many sales and purchase tax accounts as you need. Normally you will only need to use one sales tax account and one purchase tax account, and to make it easier, Easy Books will set the percentage rate for them the same when you set the "Standard Rate".

    You will also want to set the end date of your GST period, then run a GST Report. See http://easybooksapp.com/vat for more information

  2. Admin closed this discussion on 09 May, 2011 11:11 PM.

  3. J Peter Hendrikx re-opened this discussion on 09 May, 2011 11:27 PM

  4. 2 Posted by J Peter Hendrik... on 09 May, 2011 11:27 PM

    J Peter Hendrikx's Avatar

    Yes, that is what I have already done, I have changed the VAT to GST and that works fine.
    So what you re saying that I can put the account "Payments/Refunds GST" in or Sales Tax or Purchase Tax?

    My next question is that I pay some expenses on behalf of my clients who then pay me back at a later stage. I normally use (in MYOB) a "Cost of Sales" account, however with Easy Books it is not possible to select Expenses when you create a sale. How to over come that?

  5. Support Staff 3 Posted by Admin on 10 May, 2011 07:29 AM

    Admin's Avatar

    Sorry, I don't know about your MYOB package, but it sounds like this is the account that you use to consolidate your GST. Do you use it for the overall balance of GST owed? If so, Easy Books uses an account like this too, named "HMRC (VAT)". You can change the name of this account to match if you like. After you "file" your return, the account shows the balance you owe.

    When you're making a sale, you can only choose income accounts. You could choose to separate the income into "Fees Income" and "Income From Expenses", just add a new income account for the expenses you charge. Then for the expenses, you put these through the books as true expenses. If you wanted to balance these back up, to end up with reduced income and reduced expenses, you could just add a transfer between the "Income from Expenses" account and the expense account(s).

  6. Admin closed this discussion on 10 May, 2011 07:29 AM.

  7. Peter j re-opened this discussion on 16 May, 2011 09:59 PM

  8. 4 Posted by Peter j on 16 May, 2011 09:59 PM

    Peter j's Avatar

    Matthew,

    Getting more and more impressed with your application and cannot wait till you have the Mac desktop version! Well done, this is a veryvery good product.

    Kind regards,

    J Peter Hendrikx

    [email blocked]

  9. Admin closed this discussion on 17 May, 2011 09:49 PM.

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