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by morpheuskafka 621 days ago
Don't you have to buy some Japan specific software like Freee for the e-Tax integration?

I like GnuCash, but for a business, it doesn't automatically handle sales/consumption tax, or employee payroll withholdings, you'd have to manually make splits in every transaction for that.

(Actually I think you all don't have to keep your consumption tax received in a separate account bc you net it out against purchases, but in the US we have to journal the tax into sales tax payable liabilities account, not revenue).

1 comments

Can't speak of Japan, but where I've lived the percentage of tax is calculated against total sales, you don't need it separated beforehand

I believe there are some exceptions, with regulated or specially taxed goods like cigarettes, but there was none of those where I worked so it's mostly speculation