Nottingham, United Kingdom (PressExposure) January 18, 2012 -- Accounting for Sales Tax has always been an issue. The latest release of the free accounting software Adminsoft Accounts finally fixes this problem.
The new version of the software:
· Allows up to four different types of Sales Tax (or VAT).
· Selectable method for calculating each tax type.
· Up to 100 tax codes, each with a different rate for each tax type.
· Detailed end of Sale Tax period reporting.
This flexibility enables Adminsoft Accounts to handle Sales Tax procedures just about any where in the world. Without any unnecessary complications. It's easy to set up, and easy to operate.
Previously, in many countries/states where the operation of Sales Tax is complicated by different taxes in different districts or cities, or by 'use tax', many businesses resorted to handling tax manually or using third party software. Now it can all be done in the accounting software. No need to be making separate notes, or making separate entries into other programs. This reduces mistakes, and saves time.
Few accounting packages can do this, and Adminsoft Accounts is possibly the only FREE accounting package that can do it.
The developer, Michael Towle, commented "Small businesses have been crying out for years for accounts programs to have this level of flexibility in handling Sales Tax, now finally it's arrived."
Adminsoft Accounts v4.027 onwards contains this new feature, and is available now for download from www.adminsoftware.biz
NOTES FOR EDITORS
Adminsoft Accounts is a free to use accounts package for Windows PC's. Development began in 2003, with the software first becoming available for download in December 2006. It has been downloaded in excess of 85,000 times. It is multi-user, multi-company, and multi-currency. The package consists of accounts receivable, accounts payable, general ledger, stock control, purchase order processing, and a basic HR module. All document layouts, such as sales invoices, statements, remittances, etc. can be edited. It contains many features you would normally expect to only find in higher end accounting systems.
The book 'Free Accounting with Free Software' written by Yogesh Patel, is an introduction to accounting using accounting software, and is based on Adminsoft Accounts. The book is published by Skylark Publications and is available from http://www.lulu.com
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