RE: [SQL-Ledger-users] Tax summary

[Leo M. <Le...@Ne...>]

This sounds rather odd.  I was under the impression
that only the USA allows cash accounting for private
corporations.  Everywhere else requires accrual 
accounting which means that you count the funds
when accrued, not paid.  Canadian GST (another form
of VAT) works this way as well.  At least in Canada,
Dieter's suggestion will yield the correct results.

Regards,
Leo R Masciuch, M.B.A., P.Eng.
Netryst Corp.
5051 Vantage Cres NW
Calgary, AB  T3A 1X6
Canada
Tel: +1-403-202-5039
Fax: +1-403-202-5038
Le...@Ne...


-----Original Message-----
From: Adrian Blake [mailto:ad...@sn...]
Sent: Wednesday, March 07, 2001 22:45
To: sql...@li...
Subject: Re: [SQL-Ledger-users] Tax summary


Dieter Simader wrote:
> 
> You can produce a report for a specified time period from the 'Accounts
> List', click on your GST account and enter the dates. If you only need a
> total, generate a balance sheet up to the end of the period.
> 
> To see how much income and expenses you have for a 3 month period run off
> an income statement for the period. If you need a detailed list you can
> produce a report for each income and expense account from the 'Accounts
> List'.

OK, this is helpful, but if a payment has not been made in either AP or
AR then it cannot be counted in the GST calculations for that period.
And in my case the numbers are considerable!

Adrian
-- 
Adrian Blake  (MIEEE)
Smart Radio Systems Pty Ltd
26b Bombala St, Cooma, NSW 2630, Australia
Ph 61-2-64525555 Fax 61-2-64524317