maintains complete and accurate accounting of income and expenses for users in jurisdictions that impose 'Goods and Services Tax' (GST) or 'Value Added Tax' (VAT). GST/VAT Accounting (GVA) uses the single-entry bookkeeping method that is recommended by the IRS. This accounting method is easy to use and is equally suited for small businesses and individuals. Using GVA, you can produce a variety of expense, income, profit, and general ledger reports. You can define up to 1,000 different income and expense accounts to fully categorize your income and expenses for tax purposes. GVA employs the concept of folders where each folder contains income and expense data that may be reported either separately or in combination. Thus, GST/VAT Accounting may be used for multiple businesses, multiple divisions within a single business, or for both business and personal accounting.