When recording an expense how do I enter the tax component? E.g. $10 and $1 for GST. If the invoice price includes GST ( similar tax) can this amount be automatically calculated, i.e. I enter $11 and the software records $10 for the expense and $1 for tax.
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I believe there isn't yet any mechanism for automatically recording taxation. This is, I believe, a hard problem too, given the wild variation of taxation rules to obey in different countries.
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When recording an expense how do I enter the tax component? E.g. $10 and $1 for GST. If the invoice price includes GST ( similar tax) can this amount be automatically calculated, i.e. I enter $11 and the software records $10 for the expense and $1 for tax.
I believe there isn't yet any mechanism for automatically recording taxation. This is, I believe, a hard problem too, given the wild variation of taxation rules to obey in different countries.