Fapiao accounting could be limiting your business growth, writes Valur Blomsterberg In China, fapiaos (the official receipts that are issued and received for goods or services provided) are the most important document for tax reporting. They are the gold standard for a business’s taxable income – and for this reason, many accountants do their bookkeeping based solely on fapiaos. This method of accounting does not require the accountant to do …
