Advance payments are transferred quarterly, the entrepreneur calculates their amount independently. In addition, he is required to keep a book of income and expenses, which is the main financial document.
If the simplified tax system "income minus expenses" is selected, you will have to put in a little more effort to calculate the tax amounts. First, the net profit is determined using formulas, and then the amount of payments to the budget.
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Cloud online accounting
When opening a current account, many banks offer to connect to a special service that will take on all the work of accounting. The computer program collects primary data, fills out declarations, sends them to the Federal Tax Service and transfers taxes. The business owner only needs to receive regular notifications.
There are many similar services on the Internet. Those who launch a store on the InSales platform immediately have access to site integrations with several online accounting services, you just need to connect to one of them.
Despite the obvious simplicity and benefits of using cloud accounting, it is not suitable for every owner of an online store. The main condition for the flawless operation of such services is the implementation of absolutely all settlements in non-cash form through a bank account. Online trading platforms do this in most cases, but there are exceptions.
Options for maintaining accounting records for an online store
Entrepreneurs often have to deal with cash: when paying for goods and renting premises, when purchasing office supplies or drinking water in many other cases. In addition, it is necessary to provide customers with the right to pay for an order in cash if courier delivery or pick-up from a pick-up point is provided.
In this case, you can use cloud services, but the main advantage of online accounting is lost: you can no longer completely shift all the troubles of accounting to a virtual assistant. All payments that involved cash will have to be entered into the system manually, which is, of course, very inconvenient.
Several problems arise at once. Some payments may not be indicated in a hurry or due to forgetfulness, and it is possible that the tax office will have questions about cash transactions. You will need to withdraw funds from your current account and provide the appropriate justification for these actions.
In other words, if a lot of settlements are made using real money, it is not advisable to use online accounting. Such services are irreplaceable if the overwhelming majority of transactions are made in non-cash form. In addition, several of your current accounts can be combined in a single system.
Another pitfall of using cloud accounting services is the infrequent, but still occurring, failures and errors in their work. The consequences of such bugs can be very serious: if the tax is incorrectly calculated or not paid on time, the business owner will have to pay fines, penalties and spend a lot of nerves.
To minimize the risk of such problems, you need to approach the choice of service with full responsibility. Study the reviews, ask the opinion of entrepreneurs who have extensive experience using cloud accounting from different service providers.