How do I do the accounting for a purchase on this website?

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Post » Sun Jun 21, 2015 4:14 pm

I have bought a business license as well as an arts license and I paid with U.S and CAD respectively.
How do I do the accounting for these transactions becuase I do not see a tax on the purchase??
The VAT total says 0?
Is this correct if I am trying to journalize the transactions?
Debit Software product (price of business license)
Credit cash (price of business license)

?? There is no tax account for this transaction or is it hidden??
I have read scirra long document about taxes but I didn't understand it. Does that mean the taxes are hidden?
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Post » Sun Jun 21, 2015 4:41 pm

Pretty sure there is no tax.
They expect you to take care of reporting anything taxable to your own government.
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Post » Mon Jun 22, 2015 8:43 pm

But what does that mean. I do not understand the point that there is no tax in a transaction? Considering I'm from Canada I am expecting a 13 percent tax on this product 0.0 why is it so confusing....
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Post » Mon Jun 22, 2015 11:01 pm

I can only give you two bits of advice.
Keep your receipts, and hire an accountant.
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Post » Mon Jun 22, 2015 11:16 pm

You are purchasing from the UK though, so they are not charging Canadian taxes.
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Post » Tue Jun 23, 2015 5:21 am

But they are not charging VAT taxes either becuase it states nothing....
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Post » Tue Jun 23, 2015 7:17 am

Do you have a business? Are you purchasing via a business other than sole proprietor?
If you do, then your accountant will sort it out, but it sounds like you purchasing in your own personal capacity(sole proprietor). So you have no way of getting vat, or taxes back unless you are a vat vendor (each country is different), but I doubt it.

Add the total costs to your business expenses - [that is what you paid]
You think you can do these things, but you can't, Nemo!
Just keep reading.
Just keep learning.
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Post » Tue Jun 23, 2015 8:11 am

Purchasing as a business and I want to learn how to do accounting becuase I was very good in school but we didn't have taxation courses, so I'm learning but I can't understand something with no answers :(

I just wish if you boguht the business license you would have phone support
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Post » Tue Jun 23, 2015 8:19 am

Tax-laws are different in every country, you can hardly expect Scirra to take every single country into account..

In Holland, where I live, buying a business licence would fall under business investments and the whole amount can as such be deducted from your business profits..
I told my dentist I had trouble with my teeth and asked her to fix it without looking in my mouth..
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