Financial Settings helps create your company’s financial details for a particular time frame. It includes all the various financial reports that you need to keep finances and accounts in control and to file taxes at the year end.
1. Select the Month and Year in Financial Year of your company according to your business set up. If you don't know, check with your bookkeeper or accountant about your company's financial setup.
2. Fill in Sales Tax Number of your Business.
3. Select the applicable Sales Tax Period according to the time frame your business review and submit the Sales Tax Report.
4. Put in your Business Number. Depending on the country your business is registered in, Business Number could be VAT/ GST/ EIN/ PAN.
5. Click Update.
Please note Accounting Method cannot be changed.