Paul Smith
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Paul Smith's Discussions

Selling a business - what accounts?

Started this discussion. Last reply by Philip Copeman Jul 24, 2015. 3 Replies

HiI am selling a business and the buyer is paying part for stock and the rest for the business itself. The stock is easy to deal with (Sales - much reduced!!!), but I'm wondering how to transact the…Continue

Bank Reconcile

Started this discussion. Last reply by Philip Copeman Jan 31, 2013. 1 Reply

HiI wonder if anyone can tell me how TC gets its 'Bank balance at [date] according to TC' that appears in the report and the 'Last Total' that appears on the Reconcile screen.I can't make sense of…Continue

Tags: reconcile, bank

What is going on at TC land?

Started this discussion. Last reply by Paul Smith Oct 29, 2012. 5 Replies

Having been away from the area for some time (because TC has been working so well for me) I returned to sort out an issue I have been getting with Windows 7. When I get here I find the old forum with…Continue

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Blog Posts

Multi Currency Accounting

Posted by Philip Copeman on September 12, 2018 at 14:26 0 Comments

Is there a simple way to implement Multi Currency accounting?

Getting the best solution depends on your business conditions. Solutions vary from running multiple sets of books for each currency to using a single set f book with one reporting currency and converting every transaction at entry.

If you are confused, here is a good starting point by Peter Selinger…

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Accounting Made Easy New Releases

Posted by Philip Copeman on May 28, 2018 at 16:30 0 Comments

New releases for Accounting Made Easy with TurboCASH 5

This 400 page comprehensive Tutorial for TurbCASH 5 c overs basic accounting, TurboCASH features as well as a step by step tutorial to help you implement your accounting.

English…

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VAT change from 14% to 15%

Posted by Philip Copeman on May 7, 2018 at 13:24 0 Comments

The Tax authorities may impose changes in the VAT (GST/Sales tax) rates. For example, in South Africa, the South African Revenue Services (SARS), changed the VAT rate from 14% to 15% on 1 April 2018.

PDF Explanation

TC-2018-VAT-CHANGE-OVER-Revision1.pdf…

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I have a farm in Africa

Posted by Philip Copeman on April 21, 2018 at 19:27 0 Comments

... and then they want to take the land back without compensation? The idea is preposterous.
Land only has value if you can keep another African off it. Land only has value if you have complete tenure, right down to the freedom to dispose of the asset.
Naive attempts to directly tax the ownership of Land…
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