Divide the Accounting Periods & the Withholding Tax Rate Periods
You can Divide the financial year into 1 to 12 accounting periods. Setting the start and end dates of each period is also allowed. Select the financial year to divide, then click on Sub Period Division, or Withholding Tax Rate Sub Period Division.
Divide the Accounting Periods or Withholding Tax Periods
Divide the Accounting or Withholding Tax Periods
Enter Number of Periods.
Enter Period Length by Month.
Click Save.
Accounting/ Withholding Tax Rate Sub Period Division
Accounting/ Withholding Tax Rate Sub Period Division
Number of Periods multiplied by the Period Length must equal 12
Depreciate Assets
The program allows you to depreciate all the assets of each accounting period, with only one click. A detailed list of all depreciable assets is shown as well. The list includes; each Asset type and name, number of months and days, the documentary value, value of depreciation and value after depreciation. Moreover, the list can show the total sum of the documentary value, value of depreciation and value after depreciation.
Depreciating Assets
Close Revenue and Expenses
When you choose to close Revenue and Expenses, subsequently, the profit and loss account will be closed. Then the program will do calculations, and show it as profit or loss in the budget, also, the net profit after applying tax will be shown.
Revenue and Expenses
Transfer Balances
You can transfer balances from an accounting period to the following period.
Transfer Balances
Lock Accounting Periods
locking an accounting period, will turn off new actions. New journals or transfers cannot be issued for this locked period.
Locking Accounting Periods
You can lock an accounting period, and still keep the current status of assets, revenue & expenses, and balances, for this period.
Payment Data of Withholding Tax Rate Periods
To view the payment data of thewithholding tax rate periods. You can enter the data of periods payments, lock a period, and print a 41 form, including the data of the withholding Tax rate periods. To register the data:
Select the assigned period, then click on Update.
Enter the data, then click on Save.
Click on Print, to view the 41 form. You can edit the form layout, using editing tools.
View and Edit the Payment Data of Withholding Tax Rate Periods
