According to my accountant:

Use any software you want, the important issue is what you use to submit your reports. I use calc/excel, and the printed sheets were excepted in a tax audit.
You need approval for electronic submission and printed payment/return forms.
The only item I am not sure about is printed invoices.


Shachar Shemesh wrote:

[EMAIL PROTECTED] wrote:

Alon Altman wrote:

Hi,
 Has anyone got experience with using gnucash for Israeli financial
reports? If so, what problems or things should one consider.

I'm asking because I want to use gnucash for Ha'makor's books.

Alon



I use Gnucash once in a while. Not for tax proposes but personal finance tracking.
For a start - It doesn't have an approval from the Israeli tax authorities which, as far
as I know, is required in order to do official bookkeeping with it.


Wrong.

(i.e. you can play with it all you want but you still have to keep books on papers or
an approved software).


If it is not approved, you are not allowed to SELL it. I do my accounting with OpenOffice calc, and it certainly did not get approval from the tax authorities. Not only that - it does not live up to the tax authorities' standards.

However, as I'm not selling it to anyone, there is no legal problem with that.

--Amos


According to someone who was involved in actually drafting this law, the only purpose of this law is to give insurance. I.e. - if you want to sell a tax helping software, you commit in front of the tax authorities that so and so. This way, noone else can then say "but a software bug did it". If they prove that a software bug is the thing that did it, then you are liable.



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