FARMER S BOOKKEEPING ACCOUNTING.

Manawatu Herald, Volume XLIV, Issue 2475, 2 September 1922, Page 2

FARMER S BOOKKEEPING ACCOUNTING.

THE INCOME TAX RETURN PROBLEM. A NEW INVENTION. [Contributed.] ’ One of tire greatest concerns of farmers to-day is the necessity of keeping correct accounts of their business transactions from year to year, which is vital to the success of farming as of other pursuits. Apart from the general need for keeping such accounts, the demand of the Income Tax Department for complete and accurate returns from ihe tay payer requires efficient and accurate bookkeeping. All farmers, esjjeeially those with whom bookkeeping is not a strong point, should welcome a simple and easily-understood system of keeping their business accounts. There lias been placed on the market recently a new invention known as ihe Pason Taxpayers’ Compiler and Self-Balancing Ledger, which contains till the necessary facilities, in one volume, for the farmer to keep full and detailed records of all business transactions, such as pur- ■ chases, sales and exchanges of live -tuck, etc., cash account, interest, rents, insurances, depreciation, repairs, freights, etc. The ledger is so arranged that the correct place for an entry can be found immedia-

t ely, the headings being very complete and explanatory and the books thoroughly indexed and tabbed. At the end of the year, assets and liabilities, profits and losses etc., can be entered up in a few minutes, giving the true financial position without further wink. One Compiler can be used for eight years, when a summary Can be entered of the results for the wlnde period. The special feature of' the Pason lax payers Compiler, however, is that it gives all instructions necessary for tilling in land and income lax returns. The compiling of such returns, so difficult and complica- _^v ted to many farmers, becomes an easy matter with a “Pason.” The ledger contains a treatise on income tax returns and gives an abbreviated resume of the Land and Income fax Act, also examples of how to fill in returns aud other information.' The Compiler is of loose-leaf construction, enabling all loose sheets containing entries to be forwarded to the Advice Bureau, couducted by the Pason Recorder Company, Auckland —manufacturers of * the Compiler. This bureau will, if desired, fill in the income tax return from these sheets free of charge, or examine and correct any returns forwarded to them. These and other valuable services are given freely for one year to every purchaser of a Compiler.

The agent for Fox-ton and district of the Pason Taxpayers' Compiler isJVfr H. Frankland, Robinson Street, who will be pleased to give full details or a demonstration of the Compiler.