@sharpdrivetek Standard Format For F.Statements are Provided in Company Act 2013 -Schedule-III.
@ASEGC1725 The Companies Act 2013 only regulates the companies incorporated under the Act. it is not applicable to all registered and unregistered businesses. Manager is intended to be used by every class of business and therefore the COA is the choice of the business.
@sharpdrivetek as i am a CA Final student i know practically that the Business is maintaining Accounts are Generally use the format of Co.act 2013.
yes Generally, not mandatorily for businesses to which the Act is not applicable.
Let’s stick to the lowest common denominator for now. Chart of Accounts should be simple unless there is national standard for all companies in given country. In that case, Chart of Accounts should represent that national standard.
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@lubos
Only for all Companies or all Businesses ?
Although I agree with keeping it simple, you can not ignore that some of the terminology differs by type of registration of a company / organization, etc. For example a non-profit will not talk about equity but about Undistributed Net Profit / Loss. If tax exempt this again differs as no tax codes needed. For USA you would recognize its federalism and influence on taxes, but similar could be said for other federations such as Argentina, Australia, Belgium, Bosnia & Herzegovina, Brazil, Canada, Germany, India, Malaysia, Mexico, Nigeria, Pakistan, Russia, and Switzerland.
this is the source of confusion.
the companies act is applicable only when any business voluntarily incorporates itself as a company (i am speaking for my country here).
the statement speaks for itself that there are businesses other than companies. so there is no obligation to present a COA applicable to companies for a user who simply wishes to manage whatever their business.
and as @eko pointed out, different business need different account titles. so there is no point in providing COA as standard unless the national standard demands it from every business.
Thank you. I have tested it it working. Now I am trying to select variables like Net Sales - VAT 15% on the Report Transformations but they not showing on the drop down menu.
I am looking for variables like the ones on Saudi Arabia report
The variables showing on reports are as follows:
@Panashe_Mlambo you should create custom field for tax codes and then select those custom fields in report transformation.
@Panashe_Mlambo make sure to configure your tax code custom field so it’s a drop-down with pre-defined options. See tax code custom field for Saudi Arabia
Report transformations do not see tax codes, only custom fields.
I think it would be premature going down this route yet. It will happen but I want to make sure country-level is working before branching further.
Thank you
I want to work on the Italian version. But please, introduce a way to let me import my actual settings from one of my local businesses.
I’ve already started this job a couple of years ago and than all of sudden you change your mind on the way the localizations should be implemented and you closed the online “Italian business”… So I went on by myself on our server version of Manager.
Italian is the language (Italiano)
Italy is the country (Italia)
Sorry @lubos. I edited my answer. I didn’t expected such a quick answer
@Davide if you have already template, send it to me to lubos@manager.io and I will import it online.
It’s quite late here in Italy. I will check my clean standard template tomorrow and send it.
Can you add “Hong Kong 香港” to the list of countries?