Re: [SQL-Ledger-users] Documentation?

[Dieter S. <dsi...@sq...>]

A checking account is an asset account.

If you use the account to pay bills and deposit money received then check
the box in the column Receivables -> Deposit and Payables ->
Payment. This will include the account in the drop down lists

In your sample transaction you had not fully paid for the furniture
thus leaving you with 175 outstanding in payables.


Dieter Simader    http://www.sql-ledger.org   (780) 472-8161
DWS Systems Inc.     Accounting Software       Fax: 478-5281
=========== On a clear disk you can seek forever ===========

On Tue, 6 Feb 2001, Mark Tiramani wrote:

> [snip]
> > keywords mean. The messages are archived at sourceforge. A link to the
> > archive can be found at http://www.sql-ledger.org/misc/support.html
> 
> Thanks, I had checked the archive and read that message, and looked at the screenshots, but I 
> fear my problem is even more basic. I feel incredibly stupid, but.....
> 
> I'm using 1.2.7. I understand the general accounting principles but not the terminology involved, 
> and no-matter how I link or record a simple incoming invoice I can't get results that make sense 
> to me. If someone would be so kind as to give concrete help on the following example I'm sure I 
> could get my head around the rest:
> 
> I have a Chequing account used for whole payment, including VAT.
> and an invoice I need to pay for a server that includes 17.5% VAT (UK standard sales tax).
> 
> How should the Chequing account be set-up? I have: 'Asset', 'Account', 'Receivables: Deposit', 
> and 'Payables: Payment'  checked.
> 
> What should be entered/selected in the A/P -> 'Add Transaction' form fields for:
> Amount:, VAT:, Paid:
> I tried many daft things but this is the example I would most expect to work:
> 'Amount:'    1175   1820- Office Furniture & Equipment   (gross including VAT)
> 'VAT:'           175   2310-GST
> 'Paid:'         1175   1061-Chequing Account
> 
> However, this results in an Accounts List showing:
> Chequing Account  Credit 1175.00
> Office Furniture & Equipment  Debit  1175.00
> Accounts Payable  Credit  175.00
> GST   Debit  175.00
> 
> Debit total  1350
> Credit total 1350
> 
> Surely that can't be right :)
> 
> BTW I've added one account, 4340, for Sys admin income. All other accounts are using default 
> settings.
> 
> Any help appreciated,
> 
> Mark
> 
> Mark Tiramani
> FREDO Internet Services
> ma...@fr...
> 
>