Are you HST Ready

Canadians changing to HST

Up until now you have most likely been required to collect and report both State and Federal Taxes on goods and services. For some of you this is all about to change, you many now be required to collect only one Tax: HST - Harmonized Sales Tax

HST - Harmonized Sales Tax

We are not about to discuss how this tax is collected or what you need to do to conform to this new system as this is not our place.

However in order for you to record your information and to be able to return to your previous information in years to come, with accuracy in reporting, and more to the point to enable you to have some clarity of what you are seeing, we would like to suggest how we believe you should use our software throughout this transition period

EasyAs Accounting and Bookkeeping Software


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	HST - Harmonized Tax




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Using EasyAs through the transition period to HST

It was never the anticipation of EasyAs or for any accounting system on the market to anticipate such changes occurring, so because of this the design format of the software is not capable of recording these changes in one business profile. For this reason we suggest that you run a separate business profile from 1st July 2010 (for those areas changing at this time - or sooner if you are required) to allow you to maintain accurate information.

This means that you will have two sets of accounts for the same year for your business. Whilst this may not seem the norm it ensures that your information is always accessible and consistent with the time in which the purchases etc.. were made..

We feel that its better to describe this in a simple video, as the old saying goes "A picture tells a thousand words"

Please note that towards the end of the video we discuss specifics about invoice numbering, this is very important for anyone who is changing the reporting process during a financial year, as you do not want to issue invoices in the same year with the same invoice number.

Please watch this video: