There is nothing stopping you doing all of it in Excel if you want, but if you mess up. The logic to not mess this up is what makes people pay for this software. In many cases of cross border transactions you end up recording VAT in a special way so it cancels out, but you need to report the right amounts. Did you send an invoice, but never got paid? (you're still on the hook for the VAT) All those things matter and affect how you're supposed to record your VAT. Is this just a domestic sale/purchase? Is it an EU goods or services purchase/sale? Is it the same but for outside EU? Is the client a company or an individual? Does he/she want to return a item. However, having said that the complexity in doing small business accounting (at least here in Poland) is not in generating invoices, but in accounting for them correctly with regards to VAT. txt files on a hard drive or in a cloud based "irrevocable" system But if you're doing retail your accounting data better matches with the printout from that hardware device that logs all the sales. It doesn't matter if you keep your invoices in. If you mess with it in the meantime and you get caught you're essentially falsifying financial tax records. At least in this EU country the requirement is that you keep the original file for the retention period and you present it on request. There is no such thing as irrevocability in IT(unless we talk about physical retail sale registers every retail business has to have - these are certified standalone hardware devices that print receipts and store the transaction details in write once memory). Some advertisers are splitting their spend elsewhere, some are playing wait-and-see like users, and some have just realised that dropping (or reducing) twitter as a channel hasn't harmed their RoI on marketing budget so maybe it wasn't a great channel for them in the first place. People will eventually decide because multiple contact points will be a hassle, at which point we might see a glut of people leaving twitter if one of the alternatives has enough momentum at the time.Ī significant problem ex-twitter has is that much of the advertising that left has not returned while user and bot activity hasn't dropped by nearly enough to compensate for that so the on-going losses have grown despite all the staff cuts and so forth. ![]() ![]() I think many are soft-leaving: using twitter and which-ever alternative they are considering in unison while they see how things play out. It can be hard to tell, the published numbers and other people's guesstimates do not tell much of the full tale.
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